Interim Results
LENDU HOLDINGS PLC OWNERS AND OPERATORS OF IRRIGATED-COTTON, BEEF-CATTLE AND CEREAL FARMS, COMPRISING 26,000 HECTARES, IN QUEENSLAND AND NEW SOUTH WALES, AUSTRALIA Announcement of unaudited interim results for the six months ended 31 December 2002 Highlights from the chairman's statement and unaudited interim results as follows * Farm loss, as normal, recorded in first half since Group's main income, from cotton, received in second half * Profit before tax of £1,000, compared with loss of £355,000 in 2001, owing to sale of investments realising profit of £648,000 * Transfer to Alternative