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

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