Hidong Estate says financial position is unchanged since H2 results

Penang-based Hidong Estate has published in interim management statement reporting no significant change in the financial position or the financial performance of the company since the publication of its half-yearly financial results at the end of September.

Penang-based Hidong Estate has published in interim management statement reporting no significant change in the financial position or the financial performance of the company since the publication of its half-yearly financial results at the end of September.

In the half-year ending September 30th, retained profit for the period was down to 78,269 Malysian Ringitt (MR) (£16,410) compared to 81,142 (£16,929) in the corresponding period in 2011.

Hidong Estate is a development stage company which engages in identifying suitable investments for the company. It was previously engaged in the production of natural rubber and and oil palm fresh fruit bunches in Malaysia.

Hidong's share price was unchanged at 50p at 12:24 Friday.

MF

Most Popular

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism
Economy

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism

Russell Napier talks to Merryn about financial repression – or "stealing money from old people slowly" – plus how Asian capitalism is taking over in t…
16 Jul 2021
Commodity supercycle or not, here’s a metal that’ll still be in demand – tin
Industrial metals

Commodity supercycle or not, here’s a metal that’ll still be in demand – tin

Commodity prices may have come off the boil recently. But for tin, the only way is up. Dominic Frisby picks the best ways to invest.
7 Jul 2021
Three companies that are reaping the rewards of investment
Share tips

Three companies that are reaping the rewards of investment

Professional investor Edward Wielechowski of the Odyssean Investment Trust highlights three stocks that have have invested well – and are able to deal…
19 Jul 2021