Interim Results

Hidong Estate PLC
27 December 2006

Hidong Estate PLC
(Incorporated in England)
--------------------------------------------------------------------------------

Interim Report of Shareholders
Half Year Ended 30th September, 2006

The estimated results for the half year ended 30th September, 2006 are given
below with appropriate comparative figures:-

                            Half year       Half year            Year
                                ended           ended           ended
                             30 Sept,        30 Sept,         31 Mar,
                                 2006            2005            2006
                                   RM              RM              RM
Turnover - discontinued 
operations                          -       1,166,615       1,740,941  
Cost of sales                       -        (769,850)     (1,245,907)   
Gross profit/(loss)                 -         396,765         495,034
Distribution costs                  -         (57,357)        (85,199)
Administrative                (96,621)       (119,949)       (228,719)
expenses
                           
Other income                    5,240               -          16,571
Operating profit/(loss) -     (91,381)        228,016         197,687
discontinued operations 
Profit on sale of plantation        -               -       8,260,363
Interest receivable on        172,202               -          75,973
short term deposits
Profit on ordinary
activities
before taxation                80,821         228,016       8,534,023
Tax on profit on                    -               -        (572,435)
ordinary activities
RETAINED PROFIT 
FOR THE YEAR                   80,821         228,016       7,961,588
 
Earnings per 10p share           4.72 sen       13.31 sen      464.68 sen

STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES

The Company has no recognised gains and losses other than the gain of RM80,821
for the six months period ended 30th September, 2006 (2005: gain RM228,016).

Notes:

1.      The Company reported an operating profit of RM80,821 for the 
        half year ended 30th September, 2006 

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, 34 Beckenham Road, 
        Beckenham, Kent, BR3 4TU.

                                               CHEW SING GUAN
Penang                                             Chairman
27th December 2006



Balance Sheet
as at 30th September, 2006
                                  Half year          Half year          Year
                                      ended              ended         ended
                                   30 Sept,           30 Sept,       31 Mar,
                                       2006               2005          2006
                                         RM                 RM            RM
FIXED ASSETS
Tangible assets                           -          7,662,491             -

CURRENT ASSETS
Stocks                               29,946            121,278        41,032
Debtors                             191,099            348,787       218,203 
Cash at bank and in hand         10,905,456          1,061,871    10,944,672
Tax refundable                            -             38,886             -
                                 11,126,501          1,570,822    11,203,907
CURRENT LIABILITIES
Creditors : Amounts falling
due within one Year                (730,501)          (262,027)     (888,727)
NET CURRENT ASSETS               10,396,000          1,308,795    10,315,180

TOTAL ASSETS LESS
CURRENT LIABILITIES                       -          8,971,286             -
PROVISION FOR LIABILITIES
AND CHARGES                               -           (557,630)            -
NET ASSETS                       10,396,000          8,413,656    10,315,180

CAPITAL AND RESERVES
Called up share capital           1,067,846          1,067,846     1,067,846
Revaluation reserve                       -          5,832,048             -
Profit and loss account           9,328,154          1,513,762     9,247,334
TOTAL EQUITY SHAREHOLDERS'
FUNDS                            10,396,000          8,413,656    10,315,180  

These financial statements were approved by the Board of Directors on 27th
December 2006.

CHEW SING GUAN           )
                         )
                         ) Directors
ZAMBRI BIN HAJI MAHMUD   )

Reconciliation of Operating (Loss) / Profit to Net Cash outflow from Operating
Activities
                                                Half year Half year     Year
                                                    ended     ended    ended
                                                 30 Sept,  30 Sept,  31 Mar,
                                                     2006      2005     2006
                                                       RM        RM       RM
Operating profit/(loss)                           (91,381)  228,016  197,687  
Depreciation charge                                     -    15,441    9,359
Provision for service gratuity benefits                 -    (5,556)       -
(Increase) / Decrease in stocks                    11,086    31,629  118,875
(increase) / Decrease in debtors                   27,104  (130,374)     210
Increase/(Decrease) in creditors                 (119,567)  (53,516)(247,665)   
                                                 (172,758)   85,640   71,466

Cash flow statement for the Half year 
Ended 30th September, 2006

                                                 Half year Half year       Year
                                                     ended     ended      ended
                                                  30 Sept,  30 Sept,    31 Mar,
                                                      2006      2005       2006
                                                        RM        RM         RM
NET CASH INFLOW/(OUTFLOW)
OPERATING ACTIVITIES                              (172,758)   85,640     71,466

RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Interest received                                  172,202         -     75,973 

TAXATION
Overseas tax paid                                 (38,660)   (38,682)   (80,775)  
                                            
CAPITAL EXPENDITURE
Purchase of tangible fixed assets                                  -       (650)
Proceeds from disposal of property,
plant and equipment                                                -  9,863,745   

NET CASH INFLOW/ (OUTFLOW)
BEFORE MANAGEMENT OF
LIQUID RESOURCES                                    (39,216)  46,958  9,929,759 

MANAGEMENT OF LIQUID RESOURCES

(Increase)/Decrease in short term deposits         (201,792)  50,000 (9,673,359) 
INCREASE/(DECREASE) IN CASH                        (241,008)  96,958    256,400





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