CMB Cambria Africa Plc

RNS No 4002n
CAMBURY INVESTMENTS PLC
29 April 1999


CAMBURY INVESTMENTS PLC
Interim Report - Six Months to 31 December 1998
Chairman's Statement

The Directors of Cambury Investments Plc report an un-audited
profit before tax for the six month period ended 31st December
1998 of #20,463.

Interest receivable of #123,620 was generated in the period from
the net proceeds of the placing monies.  Expenses of #103,157
have been incurred, resulting in the above pre-tax profits.

The Directors have intensified their search in identifying a
suitable company in which to invest and believe that a number of
investment opportunities now exist.

Daniel Taylor
Chairman                      29 April 1999

Consolidated Profit & Loss Account

              Six months ended               Six months ended
              31 December 1998                28 February 1998
              Unaudited                      Unaudited 

Turnover               -                               -          

Cost of sales          -                               -          
Gross profit           -                               -          

Administrative 
expenses            (103,157)                      (60,943)        

Loss on ordinary 
activities before 
interest            (103,157)                      (60,943)
       
Interest 
receivable           123,620                        86,671        

Profit on ordinary 
activities before 
taxation              20,463                        25,728        

Tax on profit on 
ordinary 
activities            (4,297)                       (5,500)        

Profit on ordinary 
activities after 
taxation              16,166                        20,228        

Dividends               -                               -          

Retained profit 
for the period        16,166                        20,228        

Earnings per 
share                 0.0108p                       0.0137p        


Notes to the Interim Statement
1.       The Company's earnings per share are based on the result for
the financial period divided by the weighted average number of
shares in issue during the period which was 150,000,200 (Feb
1998: 147,453,030).
2.       The directors do not recommend payment of an interim dividend.
3.       The financial information contained in this document does not
         constitute statutory accounts within the meaning of Section 240
         of the Companies Act 1985.  
4.       Copies of this statement are available at the offices of
         Grant Thornton, Melton Street, Euston Square, London, NW1 2EP.




END

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