Interim Results - 6 Months to 30 September 1999

Hidong Estate PLC
12 January 2000

INTERIM REPORT TO SHAREHOLDERS
HALF YEAR ENDED 30 SEPTEMBER, 1999

The estimated results for the half year ended 30 September, 1999 are given below
with appropriate comparative figures:-

                           Half year ended   Half year ended    Year ended
                          30 September 1999  30 September 1998  31 March 1999

                              (UNAUDITED)       (UNAUDITED)     (AUDITED)

Crop harvested
     Rubber (kgs)                156,800          196,100         394,200
     FFB (tonnes)                  1,860            1,393           2,177

Average selling prices              RM                 RM              RM
     Rubber (per kg-FFB)            1.97              2.52           2.38
     FFB (per tonne-del.mill)        244               436            415

Turnover                         744,423         1,126,525      1,834,776

Profit after charging
     administration costs        154,534           414,727        525,045
Replanting expenditure          (174,554)         (146,412)      (273,064)
Net interest receivable           14,584            35,359         59,255

(Loss)/Profit on ordinary 
activities before taxation        (5,436)          303,674        311,236 
Taxation                         (10,000)          (85,000)       (16,148)

(Loss)/Profit on ordinary
activities after taxation        (15,436)          218,674        295,088

(Loss)/Gain per 10p share      (0.90) sen          12.76 sen      17.22 sen

Notes:

1.  The Company posted an operating loss of RM 5,436 for the half year ended 30
September 1999.  This is attributed to the decline in crude palm oil and rubber
prices, coupled with higher replanting expenditure resulting from the conversion
of old rubber areas to oil palm. 

2.  The directors do not propose to pay any interim dividend (last year - nil).

3.  A copy of this report will be sent to shareholders and will be available for
inspection at the Company's registered office, Independent Registrars Group
Limited, Balfour House, 390/398 High Road, Ilford, Essex IG1 1NQ.

Chew Sing Guan - Chairman
Penang 11 January 2000