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Weeks Group PLC (~156)

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Monday 11 December, 2000

Weeks Group PLC

Interim Results

Weeks Group PLC
11 December 2000

CHAIRMAN'S STATEMENT

The Group has made good progress through the first 6 months of our financial
year. Turnover has increased to £8,601,000 (1999: £7,887,000) and overall our
profit margins have improved leading to pre tax profits 32% ahead of last year
at £628,000 (1999: £476,000)

Earnings per share have increased by 32% to 0.29p (1999: 0.22p) and the
dividend is correspondingly increased by 31% to 0.068p (1999: 0.052p). The
interim dividend will be paid on 26 January 2001 to shareholders on the
register on 8 January 2001 and is covered over 4 times by earnings.
Shareholders funds have continued to increase steadily and now stand at £
5,837,000 (1999: £5,301,000).

Many exciting opportunities exist for the continuing development of both the
Consulting and Laboratory businesses. Increasing environmental concerns are
leading to additional legislation, which will provide further demand for our
services. The weather is providing additional work to the Group due to ground
failures as well as increasing survey requirements as property owners and
funders become more sensitive to the implications of extensive flood damage.
The acceleration of expenditure on railways and roads is welcomed and should
enhance the Group's revenues by adding to our existing important workload in
these areas of activity.

In addition to building our existing business the Group has benefited from the
acquisition of Taurus Design Ltd in May 2000 which was referred to briefly in
the annual report. This acquisition has integrated well with our existing
services and has provided opportunities for the Group to develop a further
range of services with our clients in the house building sector.

The Group is looking forward to a period of continuing growth as we expand the
scope of our services and develop the long-term relationships we enjoy with
many of our clients by providing innovative and practical solutions to their
problems.



Dr. A G Weeks

Chairman

11 December 2000


Consolidated Profit and Loss Account

                                               6 months to  6 months to  Year to
                                              30 September 30 September 31 March
                                                      2000         1999     2000
                                                      
                                               (Unaudited) (Unaudited) (Audited)
                                               
                                         Notes                            
                                                     £'000       £'000    £'000
Turnover
- Continuing operations                              7,993       7,887   15,343
- Acquisitions                                         608           -        -
                                                     8,601       7,887   15,343
Operating Profit
- Continuing operations                                564         515      678
- Acquisitions                                          79           -        -
                                                       643         515      678
Net interest payable                                  (15)        (39)     (65)
Profit on ordinary activities before                   628         476      613
taxation
Tax on profit on ordinary activities      (2)        (194)       (159)    (185)
Profit for the period                                  434         317      428
Dividends                                            (106)        (76)    (194)
Retained profit for the period                         328         241      234

Earnings per share
Basic                                     (3)        0.29p       0.22p    0.30p
Diluted                                   (3)        0.28p       0.21p    0.29p
Dividends per share                                 0.068p      0.052p    0.13p

There is no difference between the profit on ordinary activities before
taxation and the retained profit for the period stated above, and their
historical cost equivalents.

Statement of Total Recognised Gains and Losses
                                               

                                               6 months to 6 months to  Year to 
                                                        30          30       31 
                                                 September   September    March 
                                                      2000        1999     2000 
                                               (Unaudited) (Unaudited) (Audited)
                                         Notes                            
                                                     £'000       £'000    £'000
Profit for the period                                  434         317      428
Currency translation differences on                      -           -        -
foreign

currency net investment
Total gains and losses in the period                   434         317      428



Consolidated Balance Sheet
                                                 
                                                         
                                                6 months to 6 months to Year to 
                                                                 
                                                         30         30       31
                                                  September  September    March
                                                       2000       1999     2000
                                                (Unaudited)(Unaudited)(Audited) 
                                                      £'000      £'000    £'000
Fixed assets
Intangible assets                                     1,141        830      808
Tangible assets                                       2,548      2,393    2,431
Investments                                               3          -        3
                                                      3,692      3,223    3,242

Current assets
Stocks                                                  842      1,119      785
Debtors                                               4,580      4,322    3,876
Cash at bank and in hand                                258        262      267
                                                      5,680      5,703    4,928

Creditors: amounts falling due within one year      (3,455)    (3,545)  (2,829)

Net current assets                                    2,225      2,158    2,099

Total assets less current liabilities                 5,917      5,381    5,341

Creditors: amounts falling due after more than         (71)       (75)     (43)
one year
Provisions for liabilities and charges                  (9)        (5)      (7)
Net assets                                            5,837      5,301    5,291

Capital and reserves
Called up share capital                                 768        729      734
Share premium account                                 1,497      1,311    1,313
Profit and loss account                               3,572      3,261    3,244
Equity shareholders' funds                            5,837      5,301    5,291



                        NOTES TO THE INTERIM STATEMENT

Notes:


        (1)     The interim financial information has been prepared on the
        basis of accounting policies set out in the Report and Accounts for
        the period ended 31 March 2000.

        (2)     The taxation charge for the six months ended 30 September 2000
        has been calculated on the basis of the estimated tax rate for the
        twelve months ending 31 March 2001.

        (3)     The basic earnings per share has been calculated by dividing
        the earnings attributable to ordinary shareholders by the weighted
        average number of ordinary shares in issue during the period.

             For diluted earnings per share, the average number of ordinary
        shares have been adjusted to assume conversion of all dilutive
        potential ordinary shares. The Company has only one category of
        dilutive potential ordinary shares; those share options granted to
        employees where the exercise price is less than the average market
        price of the Company's ordinary shares during the period. The weighted
        average number of shares used in the calculations are:



                            6 months to 30         6 months to 30    Year to 31
                                                   September 1999         March
                                 September
                                                                           
                                      2000                                 2000
                                   Million                Million       Million
Basic EPS
Weighted average number of           151.0                  143.3         144.7
shares

Effect of dilutive
securities
Options                                2.9                    4.9           4.1


Diluted EPS
Adjusted number of shares            153.9                  148.2         148.8






        (4)     These statements do not constitute statutory financial
        statements within the meaning of Section 240 of the Companies Act
        1985. The comparative figures for the year ended 31 March 2000 are an
        abridged statement of the full financial statements for that period
        which have been delivered to the Registrar of Companies and on which
        the auditors made an unqualified report. No financial statements will
        be filed for the six months ended 30 September 2000.

        (5)     A copy of this statement will be sent to all shareholders on
        11 December 2000 and is available from the Company's registered
        office, The Oasts, Newnham Court, Bearsted Road, Maidstone, Kent ME14
        5LH for a period of 14 days.