Final Results

HIDONG ESTATE PLC
28 September 1999

                                                         Continuing Operations
                                                         1999    1998 (restated)
                                                          RM           RM

Turnover                                                 1,834,776  1,388,567
Cost of sales - including replanting expenditure
of RM273,064 (1998: RM198,181)                          (1,445,567) 1,233,176)
Gross profit                                               389,209    155,391

Distribution costs                                         (69,452)   (55,706)
Administrative expenses                                    (68,075)   (62,505)

                                                           251,682     37,180

Other income                                                   507          -

Operating profit                                           252,189     37,180
Loss on disposal of tangible fixed assets                     (208)      (612)
Interest receivable on short term deposits                  59,255     55,558

Profit on ordinary activities before taxation              311,236     92,126

Tax on profit on ordinary activities                       (16,148)   (23,015)

RETAINED PROFIT FOR THE YEAR                               295,088     69,111

Earnings per 10p share                                      17.22sen    4.03sen

STATEMENT OF TOTAL RECOGNISED                              1999  1998 (restated)
GAINS AND LOSSES                                            RM         RM

Profit for the financial year                              295,088     69,111

Total recognised gains and losses relating to the year     295,088     69,111

Prior year adjustment (Note 1)                            (159,240)

Total gains and losses recognised since last annual report 135,848

This announcement does not constitute statutory accounts for the years ended 31
March 1999 or 1998.  The financial information for 1998 is derived from the
statutory accounts for 1998 which have been delivered to the Registrar of
Companies.  The auditors have reported on the 1998 account; their report was
unqualified and did not contain a statement under section 237 (2) or (3) of the
Companies Act 1985.  The statutory accounts for 1999 will be finalised on the
basis of the financial information presented by the directors in this
preliminary announcement and will be delivered to the Registrar of Companies
following the Company's annual general meeting.

Note 1   Change of accounting policy

The Company has changed its accounting policy for service gratuity benefits and
these benefits are now accrued in the accounts for each completed year of
service of eligible employees.  In prior years, they were charged to the profit
and loss account as and when paid.  The directors considered this change will
provide a fairer presentation of the financial position of the Company to
reflect the Company's obligation to pay the benefits.  The effect of the change
in policy is shown below:-

                                                            1999      1998
                                                             RM       RM
Profit and loss account
Profit before tax on previous basis                         288,286   71,721
Adjustment                                                    6,802   (2,610)

                                                            295,088   69,111

Balance sheet
Increase in provision for liabilities and charges           152,438   159,240

Decrease in shareholders' funds                             152,438   159,240


Reconciliation of movements in shareholders' funds
At 1st April 1998                                         7,291,771
Prior year adjustment                                      (159,240)

At 1st April 1998 (restated)                              7,132,531
Retained profit                                             295,088

At 31st March 1999                                        7,427,619