Interim Results

Hidong Estate PLC
29 November 2007

Hidong Estate PLC
(Incorporated in England) 

Interim report of shareholders for the half year ended 30th September, 2007

The estimated results for the half year ended 30th September, 2007 are given 
below with appropriate comparative figures:-

                                                Half year ended   Half year ended     Year ended
                                                  30 Sept, 2007     30 Sept, 2006   31 Mar, 2007
                                                             RM                RM             RM

Turnover - discontinued operations                            -                 -         42,424
Cost of sales                                                 -                 -        (33,486)
Gross profit                                                  -                 -          8,938
Distribution costs                                            -                 -           (109)
Administrative expenses                                 (99,013)          (96,621)      (422,239)
Other income                                              7,820             5,240              -
Operating loss-discontinued operations                  (91,193)          (91,381)      (413,410)
Interest receivable on short term deposits              173,222           172,202        347,926
Profit/(loss) on ordinary activities before              82,029            80,821        (65,484)
taxation
Tax on profit on ordinary activities                          -                 -        (70,000)
RETAINED PROFIT/(LOSS) FOR THE YEAR                      82,029            80,821       (135,484)

Basic and diluted profit/(loss) per 10p                4.79 sen          4.72 sen          (7.91) sen
share - discontinued operations             


STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES

The Company has no recognised gains and losses other than the profit of RM82,029
for the six months period ended 30th September, 2007 (2006: gain RM80,821).

Notes:

1.     The Company reported an operating profit of RM82,029 for the half year 
       ended 30th September, 2007.
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
Chairman

Penang  
28th November 2007

 
Hidong Estate PLC
(incorporated in England)               

Balance sheet as at 30th September, 2007

                                                   As at           As at          As at
                                           30 Sept, 2007   30 Sept, 2006    31 Man 2007
                                                      RM              RM             RM
Other investments                                247,930               -              -
CURRENT ASSETS
Stocks                                                 -          29,946              -
Debtors                                          164,237         191,099        131,753
Cash at bank and in hand                      10,412,784      10,905,456     10,635,755
                                              10,824,951      11,126,501     10,767,508
CURRENT LIABILITY
Creditors : Amounts falling due within on
            year                                (563,226)       (730,501)      (587,812)
NET ASSETS                                    10,261,725      10,396,000     10,179,696
CAPITAL AND RESERVES
Called up share capital                        1,067,846       1,067,846      1,067,846
Profit and loss account                        9,193,879       9,328,154      9,111,850
SHAREHOLDERS' FUNDS                           10,261,725      10,396,000     10,179,696

These financial statements were approved by the Board of Directors on 28th November 2007,

CHEW SING GUAN             )
                           ) Directors
ZAMBRI BIN HAJI MAHMUD     )

 
Hidong Estate PLC
(Incorporated in England)              

Reconciliation of operating loss to net cash outflow from operating activities

                                                Half year ended   Half year ended     Year ended
                                                  30 Sept, 2007     30 Sept, 2006   31 Mar, 2007
                                                             RM                RM             RM
Operating loss                                          (91,193)          (91,381)      (413,410)
Decrease in stocks                                            -            11,086         41,032
(Increase) / Decrease in debtors                        (32,484)           27,104         86,450
Increase / (Decrease) in creditors                        9,279          (119,567)      (293,604)
                                                       (114,398)         (172,758)      (579,532)


Cash flow statement for the half year ended 30th September, 2007

                                                Half year ended   Half year ended     Year ended
                                                  30 Sept, 2007     30 Sept, 2006   31 Mar, 2007
                                                             RM                RM             RM
NET CASH OUTFLOW FROM OPERATING ACTIVITIES             (114,398)         (172,758)      (579,532)
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Interest received                                       173,222           172,202        347,926
Purchase of quoted investments                         (247,930)                -              -
TAXATION
Overseas tax paid                                       (33,865)          (38,660)       (77,311)
NET CASH OUTFLOW BEFORE
MANAGEMENT OF LIQUID RESOURCES                         (222,971)          (39,216)      (308,917)
Decrease/(increase) in short term deposits              379,058          (201,792)        44,787

INCREASE/(DECREASE) IN CASH                             156,087          (241,008)      (264,130)



                      This information is provided by RNS
            The company news service from the London Stock Exchange