Final Results

Smart(J.)&Co(Contractors) PLC
5 November 2001


J SMART & CO (CONTRACTORS) PLC

AND SUBSIDIARY COMPANIES

ACCOUNTS FOR THE YEAR ENDED 31 JULY 2001

PRELIMINARY STATEMENT


As indicated at the interim stage, profits for the second half of the year
exceeded first half profits resulting in a Group profit for the full year of 
£3,624,000. This compares with a profit for the previous year of £3,035,000.


The results of J Smart & Co (Contractors) PLC and its subsidiary companies for
the year ended 31 July 2001 are as follows:

                                                            2001       2000

                                                     £'000  £'000  £'000  £'000

Turnover, as adjusted for the change in stocks
of finished goods and work in progress                     18,453        13,479

Own work capitalised                                        1,239         3,281

Other operating income                                      4,563         3,891

                                                           24,255        20,651

Group Profit on ordinary activities before taxation         3,624         3,035

Tax on Profit on ordinary activities                          989           268

Group Profit on ordinary activities after taxation          2,635         2,767

Dividends (Note 2)

Interim paid 2.80p Nett

(2000 - 2.80p)                                         138           138

Proposed Final 8.20p Nett

(2000 - 7.95p)                                         404           392
                                                              542           530

Retained Profit for the Year                                2,093         2,237

Earnings per share                                         26.14p        27.45p


Notes:

1.     The above profit and loss account is an abridged version of the
       Company's full consolidated accounts which have not yet been filed with
       the Registrar of Companies and which have not yet been reported on by
       the Company's auditors.

2.     Certain shareholders have waived their rights to the interim dividend
       and the proposed final dividend aggregating £566,467.

3.     There is no difference between the rate of earnings per share when
       calculated on the fully diluted or undiluted basis.

4.     The Annual General Meeting will be held in Edinburgh on 20 December 2001
       and it is intended to pay the proposed final dividend, if approved, on
       24 December 2001 to members on the register at close of business on 7
       December 2001.


BY ORDER OF THE BOARD


Secretary


5 November, 2001