Ill.Morris (Salt) - Interim Results

RNS No 3659j
ILLINGWORTH MORRIS (SALTAIRE) LIMITED
30th January 1998


               UNAUDITED HALF YEAR RESULTS TO 30 SEPTEMBER 1997

                                                                 Audited figures
                                           6 months to           for year to
                                           30 September          31 March

                                        1997          1996       1997
                                        #'000         #'000      #'000

Turnover                                    -             -        800
Cost of sales                               -             -       (258)

Gross profit                                -             -        542

Net operating expenses                      -             -         (2)

Operating profit                            -             -        540

Net interest receivable                    45            45        100

Profit on ordinary activities before
 taxation                                  45            45        640

Estimated taxation on profit on
 ordinary activities                      (14)          (15)      (119)

Profit for the financial period            31            30        521

Preference dividends paid and proposed    (30)          (30)       (61)

Transfer to reserves                        1             -        460

Earnings per ordinary share              0.01p            -       3.48p

Earnings per ordinary share are calculated on 13,200,000 ordinary shares,
currently in issue.

The comparative figures shown for the financial year ending 31 March 1997 have
been extracted from the company's statutory accounts which have been audited and
delivered to the Registrar of Companies.  The auditor's report was not qualified
and did not contain a statement under Section 237 (2) or (3) of the Companies
Act 1985.

The company will circulate a copy of this announcement to preference
shareholders and it will be made available to the public at its registered
office.

In the first half of the year there has been no significant variation in the
activities or performance of the company.


END

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