Final Results

Hidong Estate PLC
28 September 2000

HIDONG ESTATE PLC

Preliminary Final Results for the year ended 31 March, 2000

                                             Continuing Operations
                                             2000               1999
                                             RM                 RM

Turnover                                     1,394,769         1,834,776
Cost of sales - including replanting 
expenditure of RM263,022 (1999: RM273,064)  (1,288,044)       (1,445,567)
Gross profit                                   106,725           389,209

Distribution costs                             (75,799)          (69,452)
Administrative expenses                        (57,895)          (68,075)
                                               (26,969)          251,682

Other income                                    13,915               507
Operating (loss)/profit                        (13,054)          252,189
Loss on disposal of tangible fixed assets           (6)             (208)
Interest receivable on short term deposits      28,276            59,255
Profit on ordinary activities before taxation   15,216           311,236

Tax on profit on ordinary activities            (5,700)          (16,148)

RETAINED PROFIT FOR THE YEAR                     9,516           295,088

Earnings per 10p share                           0.56sen         17.22sen

STATEMENT OF TOTAL RECOGNISED                    2000            1999
GAINS AND LOSSES                                 RM              RM

Profit for the financial year                    9,516           295,088
Total recognised gains and losses relating to
the year                                         9,516           295,088   

Prior year adjustment                              -            (159,240)

Total gains and losses recognised since last
annual report                                    9,516           135,848

The financial information set out above does not constitute the Company's
statutory accounts for the years ended 31st March 2000 or 1999 but is derived
from those accounts.  Statutory accounts for 1999 have been delivered to the
Registrar of Companies, and those for 2000 will be delivered following the
Company's annual general meeting.  The auditors have reported on those accounts;
their reports were unqualified and did not contain statements under section
237(2) or (3) of the Companies Act 1985.


Balance Sheet as at 31st March, 2000
                                                 2000             1999
                                                   RM               RM
FIXED ASSETS
Tangible assets                               6,557,258         6,587,572

CURRENT ASSETS
Stock                                            71,148           119,914
Debtors                                         414,368           276,712
Cash at bank and in hand                        825,213           838,943
Tax refundable                                   15,051                 -
                                              1,325,780         1,235,569
CREDITORS:  amounts falling due
within one year                                (245,359)         (206,084)

NET CURRENT ASSETS                            1,080,421         1,029,485
TOTAL ASSETS LESS CURRENT LIABILITIES         7,637,679         7,617,057

PROVISION FOR LIABILITIES AND CHARGES          (200,544)         (189,438)
NET ASSETS                                    7,437,135         7,427,619

CAPITAL AND RESERVES
Called up share capital                       1,067,846         1,067,846
Revaluation reserve                           4,948,548         4,948,548
Profit and loss account                       1,420,741         1,411,225
TOTAL EQUITY SHAREHOLDERS' FUNDS              7,437,135         7,427,619

Cash flow statement for the year ended 31st March, 2000

                                                   2000              1999
                                                     RM                RM
NET CASH (OUTFLOW)/INFLOW FROM
 OPERATING ACTIVITIES                            (2,356)          254,945

RETURNS ON INVESTMENTS AND SERVICING
OF FINANCE
Interest received                                28,276            59,255
TAXATION           
Overseas tax paid                               (24,448)          (71,988)
CAPITAL EXPENDITURE
Purchase of tangible fixed assets               (15,202)          (48,632)
Sale of tangible fixed assets                         -             2,288
                                                (15,202)          (46,344)

NET CASH (OUTFLOW)/INFLOW BEFORE
 MANAGEMENT OF LIQUID RESOURCES                 (13,730)          195,868

MANAGEMENT OF LIQUID RESOURCES
Decrease/(Increase) in short term deposits        6,000          (242,000)
DECREASE IN CASH                                 (7,730)          (46,132)