GRH G.R.(Hldgs)

RNS Number:7361G
G.R. Holdings PLC
6 March 2000

                               G.R (HOLDINGS) PLC
                                 Interim Report
                            For the six months ended
                               31st December 1999

The unaudited results of the group for the six months ended 3lst December 1999,
together with those of the corresponding six months in 1998 and for the year
ended 30th June 1999.

                                    Six months       Six months      Year
                                    Ended            Ended           Ended
                                    31st December    31st December   30th June
                                    1999             1998            1999

                                         #                #            #

Group turnover                        2,349,504        2,697,778    5,225,206

Group profit before taxation:
 Continuing operations                   32,821          438,551      557,962

Costs relating to UK property interests (30,772)        (125,885)    (168,815)


Profit before taxation                    2,099          312,666      388,147

Taxation for the period -
 Corporation tax at current rates        (7,000)         (71,000)     (66,288)
 ACT written-off                        (42,000)                     (163,000)

(Loss) / profit on ordinary activities  (46,901)         241,666      158,859


Amounts absorbed:
i. Dividend on preference shares         81,381           81,381      162,761
ii. Dividend on ordinary shares          52,672           52,672      184,353
paid and proposed

                                        134,053          134,053      347,114

Earnings per ordinary shares of 5p each
(based on the profit after taxation and
preference dividends)                    (0.9p)            1.2p       (0.03p)



The board has decided to declare an interim dividend of 0.4p, (1998 - 0.4p) for
the year ending 30th June 2000 on the ordinary shares of the company. This will
be paid on 7th April 2000 to those shareholders on the Register of Members on
7th March 2000.

The board is advised that as at 30th June 1999, the company was a close company
within the meaning of the Income and Corporation Taxes Act 1988.

During the period the group was engaged in (a) the operation of Grayshott Hall
Health Fitness Retreat, (b) transactions involving property (c) the manufacture
and sale of Morlands footwear, sheepskin car rugs and other products and (d)
investment.


END
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