Interim Results

Hidong Estate PLC
10 December 2004


Hidong
Estate
PLC
(Incorporated in England)

Interim Report of Shareholders
Half Year Ended 30th September, 2004

The estimated results for the half year ended 30th September, 2004 are given
below with appropriate comparative figures:-

                               Half year ended   Half year ended     Year ended
                                 30 Sept, 2004     30 Sept, 2003   31 Mar, 2004
                                            RM                RM             RM

Turnover                               971,901           937,371      1,938,774
                                     ---------         ---------      ---------
Cost of sales - including
replanting expenditure of
RM15,860 (2003:RM37,122)              (644,522)         (700,710)    (1,395,702)
                                     ---------         ---------      ---------
Profit                                 327,379           236,661        543,072
Distribution costs                     (44,405)          (45,684)       (83,450)
Administrative expenses                (71,369)          (95,104)      (162,788)
                                     ---------         ---------      ---------
                                       211,605            95,873        296,834

Other income                             9,154             5,581         14,520
                                     ---------         ---------      ---------
Operating Profit                       220,759           101,454        311,354
Tangible fixed assets written off            -                 -              -
Interest receivable on short
term deposits                            6,575             2,249         16,620
                                     ---------         ---------      ---------
Profit on ordinary activities
before taxation and extraordinary
items                                  227,334           103,703        327,974
Tax on profit on ordinary
activities                                   -                 -         (3,324)
                                     ---------         ---------      ---------
RETAINED PROFIT AFTER 
TAXATION BUT BEFORE
EXTRAORDINARY ITEMS                    227,334           103,703        324,650
Extraordinary items                          -                 -              -
                                     =========         =========      =========
PROFIT ATTRIBUTABLE
TO SHAREHOLDERS                        227,334           103,703        324,650
                                     =========         =========      =========
Earnings per 10p share               13.27 sen          6.05 sen      18.95 sen
                                     =========         =========      =========

STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
The Company has no recognised gains and losses other than the gain of RM227,334
for the six months period ended 30th September, 2004 (2003: gain RM103,703).

Notes:

1.  The Company reported an operating profit of RM220,759 for the half year
    ended 30th September, 2004. This profit, as compared to a profit RM101,454
    for the corresponding period, was mainly attributed to increase FFB and
    rubber prices.
2.  The directors do not propose to pay any interim dividend (last year - nil).

3.  A gradual increase in output of FFB is expected. Baring unforeseen
    circumstances, such as price depression or abnormal weather conditions, it
    is hoped that the company could see an improvement in its performance for
    the second half of the financial year.

4.  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, 
10th December 2004




Hidong
Estate
PLC
(Incorporated in England)

Balance Sheet
as at 30th September, 2004

                               Half year ended   Half year ended     Year ended
                                 30 Sept, 2004     30 Sept, 2003   31 Mar, 2004
                                            RM                RM             RM
FIXED ASSETS
Tangible assets                      7,619,941         7,643,675      7,631,942
                                     ---------         ---------      ---------

CURRENT ASSETS
Stocks                                 220,750            76,471         90,640
Debtors                                233,415           226,103        209,086
Cash at bank and in hand               843,360           386,402        690,783
Tax refundable                          42,317            52,844         50,720
                                     ---------         ---------      ---------
                                     1,339,842           741,820      1,041,229
CURRENT LIABILITIES
Creditors : Amounts falling
due within one year                   (281,254)         (180,226)      (221,976)
                                     ---------         ---------      ---------
NET CURRENT ASSETS                   1,058,588           561,594        819,253
                                     ---------         ---------      ---------

TOTAL ASSETS LESS
CURRENT LIABILITIES                  8,678,529         8,205,269      8,451,195
PROVISION FOR LIABILITIES
AND CHARGES                           (555,134)         (530,155)      (555,134)
                                     ---------         ---------      ---------
NET ASSETS                           8,123,395         7,675,114      7,896,061
                                     =========         =========      =========

CAPITAL AND RESERVES
Called up share capital              1,067,846         1,067,846      1,067,846
Revaluation reserve                  5,832,048         5,832,048      5,832,048
Profit and loss account              1,223,501           775,220        996,167
                                     =========         =========      =========
TOTAL EQUITY SHAREHOLDERS' FUNDS     8,123,395         7,675,114      7,896,061
                                     =========         =========      =========

These financial statements were approved by the Board of Directors on 10th
December, 2004.


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







Hidong
Estate
PLC
(Incorporated in England)

Reconciliation of Operating (Loss) / Profit to
Net Cash outflow from Operating Activities

                               Half year ended   Half year ended     Year ended
                                 30 Sept, 2004     30 Sept, 2003   31 Mar, 2004
                                            RM                RM             RM

Operating profit                       220,759           101,454        331,354
Depreciation charge                     12,232            12,881         24,614
Provision for service
gratuity benefits                            -                 -         24,979
(Increase)/Decrease in stocks         (130,111)           24,199         10,030
(Increase)/Decrease in debtors         (24,329)         (123,358)      (106,341)
Increase/(Decrease) in creditors        59,278             9,380         51,130
                                     ---------         ---------      ---------
                                       137,829            24,556        315,766
                                     =========         =========      =========

Cash flow statement for the Half year
Ended 30th September, 2004

                               Half year ended   Half year ended     Year ended
                                 30 Sept, 2004     30 Sept, 2003   31 Mar, 2004
                                            RM                RM             RM

NET CASH INFLOW/(OUTFLOW)
OPERATING ACTIVITIES                   137,829            24,556        315,766

RETURNS ON INVESTMENTS AND
SERVICING OF FINANCE
Interest received                        6,575             2,249         16,620
                                     ---------         ---------      ---------

TAXATION
Overseas tax paid                      (34,737)             (600)        (1,801)
Tax refund                              43,140            11,375         11,376
                                     ---------         ---------      ---------
                                         8,403            10,775          9,575
                                     ---------         ---------      ---------

CAPITAL EXPENDITURE
Sale of fixed assets                         -                 -              -
Purchase of tangible fixed assets         (230)                -              -
                                     ---------         ---------      ---------
                                          (230)                -              -
                                     ---------         ---------      ---------

NET CASH INFLOW/(OUTFLOW)
BEFORE MANAGEMENT OF
LIQUID RESOURCES                       152,577            37,580        341,961

MANAGEMENT OF LIQUID
RESOURCES
(Increase)/Decrease in short
term deposits                         (100,000)           60,000       (350,000)
                                     ---------         ---------      ---------
INCREASE/(DECREASE) IN CASH             52,577           (22,420)        (8,039)
                                     =========         =========      =========





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