Preliminary Results

Heath(Samuel) & Sons PLC
13 July 2000


Samuel Heath & Sons PLC

Preliminary Results - Year ended 31 March 2000

At  a meeting of the Board of Directors, the results of  the
Group were approved as follows for the year ended 31st March
2000:-


                       2000                    1999
                 £000       £000         £000         £000
                                                        
TURNOVER                   10,989                    10,740
--------
                                                        
PROFIT ON                   1,369                       954
ORDINARY 
ACTIVITIES
BEFORE
TAXATION
                                                        
TAXATION
--------                                                
                                                        
Corporation      390                     265            
Tax based                                               
thereon                                                 
                 
Deferred         (12)         378        (31)           234
Taxation         ----         ---        ----           ---
                                                        
PROFIT FOR                    991                       720
----------
THE FINANCIAL
-------------
YEAR
----
                                                        
DIVIDENDS    
---------                                           
                                                        
  Interim         127                     101           
                                                        
  Final           176         303         142           243
                  ---         ---                       ---
                                                        
ADDED TO                      688                       477
--------                      ===                       ===
RESERVES
--------
                                                        
DIVIDEND PER SHARE         10.8 pence               8.3 pence
------------------                       
                                                        
EARNINGS PER SHARE         35.2 pence               24.7 pence
------------------                    

Earnings  per  share  are  derived  from  the  profit  after
taxation,  £991,000  (1999: £720,000) related  to  2,812,000
Ordinary  Shares, being the average number in  issue  during
the financial year (1999: 2,920,000).

The  Annual  General  Meeting will be held  on  Friday  25th
August  2000  at  12.00  noon.   The  Final  Ordinary  Share
dividend  of  6.5 pence will be paid on Friday  25th  August
2000  and  the record date for this dividend is  Friday  4th
August 2000.



CHAIRMAN'S STATEMENT

The  year  to  31st  March 2000 was  quite  clearly  a  very
satisfactory one for the Company.  The profit achieved was a
record  one.   I  apologised with the  interim  results  for
getting  our budget wrong, but in the event, it  turned  out
that  in  only  four months had we taken a  too  pessimistic
view.   These four months however turned out to be  decisive
for our fortunes.

Particularly pleasing has been the increase in export  sales
in  what  was,  to say the least, a challenging  year.   All
those  involved  in this should be especially congratulated,
as  should  everyone on the production side of the  business
who responded so well to the above-budget demands.

During  the latter part of the year, it was decided to  pull
out  altogether  from  the Giftware business,  and  we  have
ceased  the  manufacture of hearth furniture and  all  other
giftware  articles completely.  The Company is now  entirely
focused on the Builders Hardware and Bathroom Trades.

As  will  be apparent from the accounts, the Group continues
to  have  a strong balance sheet, and your Directors believe
that  a purchase of the Company's shares at the right  price
level   could   benefit  the  Company,   and   thereby   its
shareholders.  Accordingly, your Directors are seeking  your
approval  for the purchase of up to 15% of the issued  share
capital 405,032 shares, between Annual General Meetings.

During  the  last  year  the Company did  buy  back  141,000
shares.

Coming on to the present year, we have budgeted for a result
considerably  down on these exceptionally good  past  twelve
months.  Having said that, we have traded above this  budget
for the first three months.

To reflect the very good results, your Board is recommending
a  final dividend of 6.5 pence per share, making a total  of
11.0 pence for the year.


SAM HEATH
Chairman
13 July 2000