Yorklyde PLC

Interim Results

Yorklyde PLC
7 September 2000

                         Yorklyde plc
                               
    Interim results for the six months ended 31st July 2000

Yorklyde   plc,  a  manufacturer  of  high  value  cloth   and
accessories for the luxury goods sector and high specification
fabrics for use in the transport industry, today announced its
interim results.

Key features:

* Profit before tax of £343,000 (1999: loss of £491,000)
* Turnover increased by 37% to £11.0m (1998: £8.0m)
* Earnings per share 4.4p (1999: loss per share of 3.6p)
* Interim dividend of 1.25p per share (1998: 1.0p)
* Earnings enhancing share buy back of 800,000 shares(7.1% of
  the share capital)
* Whiteley & Green acquisition makes maiden contribution
* Net asset value of 153p


Commenting on the results, Chairman Charles Brook said:

'Although  our  second half traditionally  tends  to  be  more
difficult  due  to  the seasonality of our  business,  we  are
seeing  a  general improvement resulting  from  a  return   to
colour  and fabric design and an increased level of confidence
in  the marketplace. Thus, despite the continuing weakness  of
the  Euro  which is having a material effect on  our  European
sales,  we are cautiously optimistic for the remainder of  the
year.

'We  are  therefore  managing the  business  to  reflect  this
overall  improvement in trading conditions, continue  to  seek
bolt  on  acquisitions, and currently anticipate a  return  to
profitability for the year as a whole.'

For further information, please contact:

Yorklyde plc                                     01484 683 611
Charles Brook, Chairman

Golin/Harris Ludgate Communications              0207 253 2252
Reg Hoare / Katie Jackson



Chairman's Statement


Introduction

Turnover for the six months to 31st July 2000 has increased by
37%  to  £11.0m  (1999 - £8.0m) resulting in  interim  profits
before  tax  of £343,000 (1999 - loss £491,000). Earnings  per
share  before exceptional items were 4.4p (1999 - loss  3.6p).
The  Board has approved an interim dividend of 1.25p per share
(1999 - 1.00p per share) which is payable on 1st December 2000
to those shareholders on the register at the close of business
on 3rd November 2000.

Results

As  indicated  at  the  time  of the  AGM  all  divisions  are
experiencing improved order books and we are beginning to  see
a  return  to profitability for the current year. Our  interim
results  confirm this improvement. In particular, business  in
the  USA has been buoyant due partly to the reduction  in  the
value  of  the pound against the dollar, whilst we  have  also
experienced  the continued return to colour in fashion  and  a
partial recovery in our Far Eastern markets. During the period
we  have  continued to maintain a tight control on  costs  and
stock levels, a policy which we are continuing to pursue.

We have completed the move of William Edleston to Moorhouse  &
Brook  and the sale of its premises for £530,000. At the  same
time  we  have  agreed  the sale of the premises  in  Langholm
occupied by Arthur Bell for £225,000 and will be leasing  back
part  of  the  buildings thereby maintaining  a  manufacturing
presence  in the town. The administration of Arthur Bell  will
be moved to our site in Peebles during the next few months.

During  May we completed the purchase of Whiteley & Green  who
specialise  in country wear fabrics and have transferred  this
business  to  our site in Peebles. Their sales for  the  three
month  period following the acquisition were £740,000 and  the
business  was profitable before taking into account redundancy
costs  of  £125,000, which resulted from the transfer  of  the
business to Peebles.

As  a  result of all these changes our divisions are now  very
focused  and  we are benefiting from the increased  levels  of
activity on all sites.

Share Buyback

Smaller quoted companies continue to remain out of fashion and
their  share  prices  do not necessarily  reflect  their  real
underlying  value.   During April we  took  advantage  of  the
powers  originally granted to us at the Annual General Meeting
in  June  1999, and renewed again this year, to buy in 800,000
of  our  own  shares representing 7.1% of the  share  capital,
enhancing earnings per share and saving on dividend costs.

Outlook

Although  our  second  half traditionally  tends  to  be  more
difficult  due  to  the seasonality of our  business,  we  are
seeing a general improvement resulting from a return to colour
and  fabric design and an increased level of confidence in the
marketplace.  Thus,  despite the continuing  weakness  of  the
Euro, which is having a material effect on our European sales,
we are cautiously optimistic for the remainder of the year.

We are therefore managing the business to reflect this overall
improvement  in trading conditions, continue to seek  bolt  on
acquisitions,   and   currently   anticipate   a   return   to
profitability for the year as a whole.

Charles A. Brook
Chairman

7th September 2000


Consolidated Profit & Loss Account
for the six months ended 31st July 2000
__________________________________________________________________
                                                     
                                Six months Six months         Year 
                                     ended      ended        ended
                                 31st July  31st July 31st January
                                      2000       1999         2000
__________________________________________________________________
                                     £'000      £'000        £'000
__________________________________________________________________

Turnover                                                          
Continuing operations               10,245      8,001       16,236
Acquisitions                           740          -            -
                                    10,985      8,001       16,236
                                                                  
Operating costs  before 
 exceptional items                  10,426      8,433       17,636
__________________________________________________________________
                                                                  
Group Operating Profit/(Loss) before exceptional items
Continuing operations                  443       (432)      (1,400)
Acquisitions                           116          -           -
                                       559       (432)      (1,400)
                                                                  
Exceptional items                                                 
Continuing operations                    -          -         (555)
Acquisitions                          (125)         -            -
                                      (125)         -        ( 555)
__________________________________________________________________
                                                                  
Group Operating Profit/(Loss)                                     
Continuing operations                  443       (432)      (1,955)
Acquisitions                            (9)         -            -
                                       434       (432)      (1,955)
                                                                  
Interest receivable                      -          3            -
Interest payable                       (91)       (62)        (100)
__________________________________________________________________
                                                                  
Profit before Taxation                 343       (491)      (2,055)
Taxation                                 -        (86)        (324)
__________________________________________________________________
                                                                  
Profit attributable to Members         343       (405)      (1,731)
Dividends                              130        112          281
__________________________________________________________________
                                                                  
Retained Profit                        213       (517)      (2,012)
__________________________________________________________________
                                                                  
Earnings  per Ordinary Share  before  
 exceptional items                     4.4p      (3.6)p      (15.4)p

Earnings  per Ordinary  Share  after  
 exceptional items                     3.2p      (3.6)p      (11.1)p
                                               
__________________________________________________________________



Consolidated Balance Sheet
at 31st July 2000
__________________________________________________________________
                                31st July   31st July 31st January
                                     2000        1999         2000
__________________________________________________________________
                                    £'000       £'000        £'000
__________________________________________________________________

Fixed Assets                                                      
Intangible assets                     338         128          125
Tangible assets                    10,014      10,647        9,966
                                   10,352      10,775       10,091
__________________________________________________________________
                                                                  
Current Assets                                                    
Stocks                              8,079       8,451        7,627
Debtors                             5,749       3,980        3,215
Cash at bank and in hand               21          27           21
                                   13,849      12,458       10,863
__________________________________________________________________
                                                                  
Creditors - amounts falling due within one year
Trade and other creditors           7,400       4,589        3,948
Dividend                              130         112          169
                                    7,530       4,701        4,117
__________________________________________________________________
                                                                  
Net Current Assets                  6,319       7,757        6,746
__________________________________________________________________
                                                                  
Total Assets less Current 
 liabilities                       16,671      18,532       16,837

__________________________________________________________________
                                                                  
Creditors - amounts falling due after more than one year
Deferred income - government grants   189         177          191
                                                                  
Provision for Liabilities and charges
Deferred taxation                      97         311           97
__________________________________________________________________

Total Assets less                                        
 Liabilities                       16,385      18,044       16,549
__________________________________________________________________
                                                                  
Capital and Reserves                                              
Called-up share capital             1,044       1,124        1,124
Share premium account               2,721       2,721        2,721
Capital redemption              
reserve                                80           -            -
Profit and loss account            12,540      14,199       12,704
__________________________________________________________________
                                                                  
                                   16,385      18,044       16,549            
__________________________________________________________________


Consolidated Cash Flow                                           
for the six months ended 31st July 2000
__________________________________________________________________
                               Six months  Six months         Year 
                                    ended       ended        ended
                                31st July   31st July 31st January
                                     2000        1999         2000
_________________________________________________________________
                                    £'000       £'000       £'000
_________________________________________________________________
                                                                 
Operating activities
Net  cash (outflow)/inflow from 
 operating activities              (1,038)       (835)        349
_________________________________________________________________
                                                                 
Returns on investments and servicing of finance
Interest paid                         (63)        (69)       (102)
_________________________________________________________________
                                                                 
Taxation                                                         
Corporation tax received                -         191         379
_________________________________________________________________
                                                                 
Net  cash  (outflow)/inflow                                      
 before  capital expenditure 
 and acquisitions                  (1,101)       (713)        626

_________________________________________________________________
                                                                 
Capital expenditure                                              
Purchase   of   tangible   fixed 
 assets                              (533)       (445)       (822)
Grants received                         -          17          35
Sale of tangible fixed assets          35          36          48
Net  cash  outflow from  capital 
 expenditure                         (498)       (392)       (739)

_________________________________________________________________
                                                                 
Acquisitions                                                     
Purchase   of  subsidiary  
 undertaking                         (474)          -           -
Net   overdraft  acquired  with 
 subsidiary undertaking               (55)          -           -
                                     (529)          -           -
_________________________________________________________________
                                                                 
Equity dividends paid                (157)       (112)       (224)
_________________________________________________________________
                                                                 
Financing                                                        
Repurchase of ordinary 
 share capital                       (378)          -           -

_________________________________________________________________
                                                                 
Decrease in cash                   (2,663)     (1,217)       (337)
_________________________________________________________________
                                                               


Notes:

1.    The  interim financial information has been prepared  on
      the  basis  of  the  accounting  policies set out in the 
      Group's 2000 statutory accounts.

2.    Other than the results for the year to 31st January 2000
      the financial information included in the interim report 
      is  unaudited.   The  figures  for the  year  ended 31st 
      January 2000   are taken   from   accounts  filed   with 
      the Registrar of Companies. The Auditors' Report on  the 
      2000 accounts was unqualified.

3.    Total dividend for the financial year ended 31st January
      2000 was 2.5p per share.

4.    The  calculation of Earnings per Ordinary Share is based
      on   10,738,819  ordinary shares, being   the   weighted  
      average number of  ordinary  shares in   issue during the 
      period.

5.    A  copy of these results will be sent to shareholders on
      12th October 2000.

6.    Copies of the Interim Report will be available from  the
      Company    Secretary,   Moorbrook   Mills,   New   Mill, 
      Huddersfield, HD7 7JZ after 12th October 2000.