Final Results

Hidong Estate PLC
27 July 2001

HIDONG ESTATE PLC

Preliminary Final Results

Profit & Loss Account for the year ended 31st March, 2001

                                                     Continuing Operations
                                                     2001             2000
                                                       RM               RM

Turnover                                          951,597        1,394,769
Cost of sales - including replanting 
expenditure of RM 409,563 (2000: RM263,022)    (1,416,819)      (1,288,044)
Gross(loss)/profit                               (465,222)         106,725

Distribution costs                                (61,752)         (75,799)
Administrative expenses                           (94,131)         (57,895)
                                                 (621,105)         (26,969)


Other income                                          608           13,915
Operating loss                                   (620,497)         (13,054)
Loss on disposal of tangible fixed assets               -               (6)
Interest receivable on short term deposits         19,471           28,276
(Loss)/Profit on ordinary activities before
 taxation                                        (601,026)          15,216

Tax on (loss)/profit on ordinary activities        (7,908)          (5,700)

RETAINED (LOSS)/PROFIT FOR THE YEAR              (608,934)           9,516

(Loss)/Earnings per 10p share                    (35.5sen)         0.56sen

STATEMENT OF TOTAL RECOGNISED
GAINS AND LOSSES

The Company has no recognised gains and losses other than the loss of RM608,934
for the year (2000:  Profit RM  9,516).


HIDONG ESTATE PLC

Preliminary Final Results

Balance Sheet as at 31st March, 2001

                                                     2001             2000
                                                       RM               RM

FIXED ASSETS 
Tangible assets                                 6,519,147        6,557,258

CURRENT ASSETS
Stocks                                             66,056           71,148
Debtors                                           278,558          414,368
Cash at bank and in hand                          378,969          825,213
Tax refundable                                     52,677           15,051
                                                  776,260        1,325,780

CREDITORS:  amounts falling due within one
            year                                 (249,696)        (245,359)


NET CURRENT ASSETS                                526,564        1,080,421
TOTAL ASSETS LESS CURRENT LIABILITIES           7,045,711        7,637,679

PROVISION FOR LIABILITIES AND CHARGES            (217,510)        (200,544)
NET ASSETS                                      6,828,201        7,437,135

CAPITAL AND RESERVES
Called up share capital                         1,067,846        1,067,846
Revaluation reserve                             4,948,548        4,948,548
Profit and loss account                           811,807        1,420,741
TOTAL EQUITY SHAREHOLDERS' FUNDS                6,828,201        7,437,135


HIDONG ESTATE PLC

Preliminary Final Results

Cash flow statement for the year ended 31st March 2001

                                                     2001             2000
                                                       RM               RM

NET CASH OUTFLOW FROM OPERATING ACTIVITIES       (415,582)          (2,356)

RETURNS ON INVESTMENTS AND SERVICING OF
 FINANCE                                           
Interest received                                  19,471           28,276

TAXATION
Overseas tax paid                                 (45,533)         (24,448)

CAPITAL EXPENDITURE
Purchase of tangible fixed assets                  (4,600)         (15,202)

NET CASH OUTFLOW BEFORE
 MANAGEMENT OF LIQUID RESOURCES                  (446,244)         (13,730)

MANAGEMENT OF LIQUID RESOURCES
Decrease in short term deposits                   479,000            6,000
INCREASE/(DECREASE) IN CASH                        32,756           (7,730)


The financial information set out above does not constitute the Company's
statutory accounts for the years ended 31st March 2001 or 2000.  The financial
information for 2000 is derived from the statutory accounts for 2000 which have
been delivered to the Registrar of Companies.  The auditors have reported on the
2000 accounts; their report was unqualified and did not contain a statement
under section 237(2) or (3) of the Companies Act 1985.  The statutory accounts
for 2001 will be finalised on the basis of the financial information presented
by the directors in this preliminary announcement and will be delivered to the
Registrar of Companies following the Company's annual general meeting.