Interim Results

Hidong Estate PLC
14 December 2001

                            HIDONG ESTATE PLC 
                        (Incorporated in England)
 
                      INTERIM REPORT TO SHAREHOLDERS
                    Half Year ended 30 September, 2001
 
The estimated results for the half year ended 30 September, 2001 are given
below with appropriate comparative figures:-

               Half year ended 30   Half year ended 30         Year ended 
                  September, 2001      September, 2000       31 March, 2001
 
                    (Unaudited)         (Unaudited)            (Audited) 

 
Crop harvested
  Rubber (kgs)        143,500              154,700               286,000
  FFB (tonnes)          1,752                1,151                 2,621
 
Average selling          RM                   RM                    RM
prices
  Rubber
  (per kg-FFB)           2.01                 2.19                  2.16
  FFB (per tonne
  - del. mill)            142                  164                   135
 
Turnover              551,625              461,350               951,597
 
Loss after
charging 
administration
costs                (101,239)            (133,530)             (210,994)
Replanting
expenditure           (61,638)            (326,961)             (409,503)
Net interest
receivable              3,608               11,753                19,471
 
Loss on ordinary
activities 
before taxation      (159,269)            (448,738)             (601,026)
Taxation                    -                    -                (7,908)
 
Loss on ordinary
activities after
taxation             (159,269)            (448,738)             (608,934)
 
Loss per 10p share   (9.3) sen          (26.19) sen           (35.5) sen

Notes : 
1. The Company incurred an operating loss of RM159,269 for the half year ended  
   30 September, 2001. This lower loss, as compared to the corresponding period,
   was mainly attributed to the sharp reduction in expenditure on replanting.

2. The directors do not propose to pay any interim dividend (last year - nil).

3. A copy of this report will be sent to shareholders and will be available
   for inspection at the Company's registered office, Capita Irg Plc, Balfour
   House, 390/398 High Road, Ilford, Essex IG1 1NQ.


                                                             CHEW SING GUAN
                                                             Chairman 

Penang, 14 December 2001 


IR DKQKNFBDKFBD