Interim Results - 6 Months to 30 September 1999

Triad Group PLC
13 January 2000

                                     
                                Triad Group Plc
            Interim Results for the half year to 30 September 1999

Chairman's statement

Results

Turnover  of £24.3m for the six months ended 30 September 1999 is  10%  higher
than the same period last year, and pre tax profits of £903,000 are 76% lower.

Dividends

No  interim dividend has been declared (1998/99 interim - 3.00p) on the  basis
that  funds  should  be  retained in the company to maximise  the  benefit  of
current and future opportunities for profitable growth.

Review of activities

As  I  indicated in my trading update of 2 November 1999 results for the first
half  of the current financial year have come in well below the level of  last
year.  This pattern will be continued for the full year to 31 March 2000.  The
shortfall  is due entirely to weak utilisation in the systems and  consultancy
areas of our business.

Our focus is now on the financial year beginning 1 April 2000.  I continue  to
be  very  confident  of a rapid rebound in trading performance  based  on  the
widely  expected upsurge in demand, although uncertainty will  continue  until
the  precise  timing is established.  It is still too early  to  predict  this
timing although early signs since the return after the New Year holiday period
are encouraging.

Almost all of the new lines of business to which I referred on 2 November 1999
are maintaining their early promise, and since then we have added several more
of  equal  quality, with particular concentration in the field of  e-business.
Triad's  leading  position in this area enables us to offer  fully  integrated
'end-to-end'   solutions  to  established  substantial  businesses  and  I  am
convinced  that  this  is where the major benefits and opportunities  on  web-
enablements will be seen in the future.  Within the next few years it will  be
normal  for  established  businesses  to  integrate  all  business  processes,
including customer relationship management, sales, supply chain management and
internal functions such as human resources and accounting, on the basis of web
technology.

Our  own  new web initiative 'onlineITcontractors.com', announced  three  days
ago,  has  made a flying start and we are delighted with the initial  response
from  both  contractors and customers.  Triad has 'first mover  advantage'  in
this  exciting marketplace.  The success of this initiative will enable us  to
demonstrate  practical  first  hand  capability  in  e-business  to  potential
customers  for systems and consultancy work.  It further enhances our  growing
identity as an e-business solutions provider.

Staff  turnover  is  at  very  low levels, and we are  continuing  to  recruit
steadily.   We  are  maintaining healthy cash balances and  are  in  excellent
condition to take full advantage of the opportunities of the coming year.


John Rigg
Chairman
13 January 2000


Profit and loss account

                                                
                                           Unaudited     Unaudited    Audited
                                          six months    six months       year
                                               ended         ended      ended
                                        30 September  30 September   31 March
                                                1999          1998       1999
                                               £'000         £'000      £'000
                                                                      
Turnover                                      24,253        22,112     49,306
                                          ----------    ---------- ----------
Operating profit                                 717         3,668      8,265
Net interest                                     186           148        364
                                          ----------    ---------- ----------
                                               
Profit on ordinary activities                           
 before taxation                                903          3,816      8,629
Taxation on profit on                                    
 ordinary activities                           (280)        (1,221)    (2,780)
                                          ---------     ---------- ----------
Profit for period                               623          2,595      5,849
Dividends                                        (-)          (755)    (1,519)
                                          ---------     ---------- ----------
Retained profits for period                     623          1,840      4,330
                                          =========     ========== ==========
Earnings per ordinary share                    2.45p         10.31p     23.23p
                                          =========     ========== ==========
Diluted earnings per                               
 ordinary share                                2.43p         10.06p     22.74p
                                          =========     ========== ========== 
Dividend per share                             0.00p          3.00p      6.00p
 


Balance sheet
                                                
                                          Unaudited      Unaudited    Audited
                                       30 September   30 September   31 March
                                               1999           1998       1999
                                              £'000          £'000      £'000
Fixed assets                                                
 Tangible assets                              2,119          1,717      2,019
                                          ---------     ---------- ----------
Current assets                                              
 Work in progress                                 8              7          1
 Debtors                                      9,745         10,746      9,415
 Cash at bank and in hand                     7,505          7,008      8,365
                                          ---------     ---------- ----------
                                             17,258         17,761     17,781
Creditors: amounts falling                                         
 due within one year                         (7,156)        (9,792)    (8,313)
                                          ---------     ---------- ----------
Net current assets                           10,102          7,969      9,468
                                          ---------     ---------- ----------
Total assets less                    
 current liabilities                         12,221          9,686     11,487
                                                 
Creditors: amounts falling                                         
 due after more than one year                  (112)        (1,221)         -
                                          ---------     ---------- ----------
Net assets                                   12,109          8,465     11,487 
                                          ---------     ---------- ----------
    
Capital and reserves                                        
 Called up share capital                        255            252        255
 Share premium account                          529              -        529
 Profit and loss account                     11,325          8,213     10,703
                                          ---------     ---------- ----------
Equity shareholders' funds                   12,109          8,465     11,487
                                          ---------     ---------- ----------


Cash flow statement

                                                   
                                          Unaudited      Unaudited    Audited
                                         Six months     Six months       year
                                              ended          ended      ended
                                       30 September   30 September   31 March
                                               1999           1998       1999
                                              £'000          £'000      £'000

Net cash inflows from 
 operating activities                           545          3,495      7,651
                                          ---------     ---------- ----------
Returns on investments and                            
 servicing of finance

Interest received                               188            149        365
Interest paid                                    (2)            (1)        (1)
                                          ---------     ---------- ---------- 
                                                186            148        364
                                          ---------     ---------- ----------
Taxation                                       (189)          (126)    (2,211)
                                          ---------     ---------- ----------

Capital expenditure and
 financial investment
                                                   
Purchase of tangible assets                    (600)          (593)    (1,354)
Sale of tangible fixed assets                    48             96        164
                                          ---------     ---------- ---------- 
                                               (552)          (497)    (1,190)
                                          ---------     ---------- ----------
Equity dividends paid                          (764)        (1,007)    (1,762)
                                          ---------     ---------- ---------- 
Cash inflow before financing                   (774)         2,013      2,852
                                          ---------     ---------- ---------- 
Financing                                                 

Proceeds from issue of 
 ordinary share capital                           -              -        532
                                          ---------     ---------- ----------
Increase in cash in the period                 (774)         2,013      3,384
                                          =========     ========== ========== 



Reconciliation  of operating profit to net  cash  inflow  from
operating activities
                                                    
                                          Unaudited      Unaudited    Audited
                                         six months     six months       Year
                                              ended          ended      ended
                                       30 September   30 September   31 March
                                               1999           1999       1998
                                              £'000          £'000      £'000

Operating profit                                717          3,668      8,265
Depreciation of tangible 
 fixed assets                                   465            350        752
Profit on sale of fixed assets                  (13)           (15)       (29)
Movement in work in progress                     (7)            (4)         2
Movement in debtors                            (224)        (2,021)    (1,381)
Movement in creditors                          (393)         1,517         42
                                          ---------     ---------- ----------
Net cash inflow from 
 operating activities                           545          3,495      7,651
                                          ---------     ---------- ----------


Notes to the accounts

1.  The  information contained in this interim statement  does not  constitute
statutory accounts within  the  meaning  of section  240 (3)  of the Companies
Act 1985. The  financial information  set  out  above  and overleaf  has  been
neither audited nor reviewed:  it has  been  prepared  in accordance  with the
accounting policies set out in the statutory accounts  of  Triad Group Plc for
the year ended 31 March 1999, and has been  approved by the Board of Directors
on 12 January 2000.

2. There  are no recognised gains or losses other than  those recorded above.

3. Taxation has been provided at 30% (1998/99: 31%)

4. No interim dividend has been declared (1998/99: 3.00p).

5. The  calculation of earnings per share is  based  on the profit on ordinary
activities after  taxation,  namely  £623,000  (1998/99:  £2,595,000)  and  on
25,467,580 (1998/99: 25,176,900) ordinary shares, being the  weighted  average
number of ordinary shares in issue during the year.

The  calculation  of  diluted  earnings per  share is based on the  profit  on
ordinary activities after taxation, namely £623,000 (1998/99:  £2,595,000) and
on 25,630,230 (1998/99: 25,790,944) ordinary shares, which takes  into account
dilutive outstanding share options.

6.  Copies of  the  interim  results  are  being sent to shareholders. Further
copies can be obtained from the  company secretary at Weyside Park, Catteshall
Lane, Godalming, Surrey, GU7 1XE.


Date:   13 January 2000

For further information please contact:

Jonathan Shillington                City Profile                 0171 726 8588