Interim Results

EmdexTrade PLC
29 July 2004



                                 EMDEXTRADE PLC

                                 INTERIM REPORT

                                      2004


EMDEXTRADE PLC
UNAUDITED INTERIM RESULTS
FOR THE SIX MONTHS TO 30 APRIL 2004


The six months to 30 April 2004 saw the benefits of cost reduction feed through
and the loss for the period fell by 74% to £129,236 compared with the same
period last year. Your Board determined to exploit opportunities to enhance
shareholder value and the Company expects to make a suitable acquisition in the
short term.



Ian Salter

Chairman

29 July 2004



EMDEXTRADE PLC
PROFIT AND LOSS ACCOUNT
FOR THE SIX MONTHS TO 30 APRIL 2004
                                                                                              Twelve months
                                                    Half year to        Half year to          to 31 October
                                                   30 April 2004       30 April 2003                   2003
                                                     (Unaudited)         (Unaudited)              (Audited)
                                                           £                   £                     £

Turnover                                                 537,679           1,047,947              1,679,238

Cost of sales                                          (454,949)           (856,099)            (1,308,778)

Gross profit                                              82,730             191,848                370,460

Administrative expenses                                (211,998)           (685,674)              (747,072)

Operating loss                                         (129,268)           (493,826)              (376,612)

Loss on sale of                                                -                   -                (9,162)
subsidiaries

Loss on ordinary activities before                     (129,268)           (493,826)              (385,774)
interest

Interest receivable and similar                               32                 110                    165
income
Interest payable and similar charges                           -                   -                (6,358)

Loss on ordinary activities before taxation            (129,236)           (493,716)              (391,967)

Tax on loss on ordinary activities                             -               (299)                   (63)

Loss on ordinary activities after                      (129,236)           (494,015)              (392,030)
taxation

Earnings per share
Basic earnings per share                                 (0.29)p             (1.23)p                (0.97)p

Turnover is derived wholly from continuing
activities

Notes:

1.     The financial statements have been prepared in accordance with applicable UK
       accounting standards and under the historical cost convention. The principal
       accounting policies of the company are set out in the company's 2003 annual
       report.

2.     The financial information set out above does not constitute statutory
       accounts as defined in section 240 of the Companies Act 1985. Statutory 
       accounts for the twelve months to 31 October 2003, on which the report of 
       the auditors was qualified due to limitation of audit scope, have been 
       filed with the Registrar Of Companies.

3.     Basic earnings per share have been calculated on the basis of the number 
       of shares in issue of 44,444,444, which has remained unchanged during the 
       period.

4.     The directors are not declaring a dividend for the period.

5.     Copies of this report are being sent to all shareholders and can be 
       viewed on the company's web-site 'www.emdextrade.com'


Business Address and Registered Office


EmdexTrade PLC
15 The Green
Richmond
Surrey
TW9 1PX
United Kingdom


Telephone        [phone]
Facsimile          [phone]



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