Interim Results

RNS Number:5454D
Dimension Resources Ld
30 September 2004





                          DIMENSION RESOURCES LIMITED
               INTERIM REPORT FOR THE 6 MONTHS ENDED 30 JUNE 2004
                                        
Chairman's statement
Six Months ended 30 June 2004


Introduction

The underperformance of the business which began in 2003 continued during the
period under review. There remained two main reasons for this, the strength of
the Rand, which applies to the Group's cost structure, against the US Dollar, in
which sales are priced, is the first of these, and is outside the Group's
control. The second is the failure of production equipment, which severely
reduced the volume of stone available for sale.

The directors are looking to address this latter problem by re-equipping the
quarries, but this in turn requires cash not currently available to the Group.
To provide such cash the Group has decided to dispose of the factory at
Vredendal. This factory was designed to process marble, but production at the
quarries is presently granite, which means that for some years the factory has
operated at a loss rather than a profit. Offers for the factory, which has been
closed to save costs, are currently being evaluated. The Group is also seeking
to negotiate new, low cost leasing arrangements for new quarry equipment.

The order position remains strong, with good demand for Cape Autumn and Rainbow
granites.

The directors are also seeking a corporate deal to inject a new business into
the Group. Dimension Resources remains debt free and in a good position to
complete such a transaction. Shareholders will be kept informed of developments.



Brian Moritz
(Chairman)

30 September 2004




DIMENSION RESOURCES LIMITED
and its subsidiaries

Summarised Income Statement
30 June 2004



                       30 June 2004       30 June 2003         31 December 2003
                       (Unaudited)        (Unaudited)             (Audited)
                           GBP                GBP                    GBP

Turnover                  88,401              102,146                  245,647

Cost of Sales            131,205               59,756                  136,993
                       -----------          -----------           --------------

Gross (loss) /
Profit                   (42,804)              42,390                  108,654

Administrative
expenses                 (80,566)            (154,758)                (636,606)
                       -----------          -----------           --------------

Operating Loss          (123,370)            (112,368)                (527,952)

Interest
received                   1,122                  907                    4,304
Interest
payable                     (938)              (1,013)                  (2,717)
                       -----------          -----------           --------------

Net loss for
the period              (123,186)            (112,474)                (526,365)
                       ===========          ===========           ==============

Loss per share             -0.06                -0.11                    -0.41

Total number
of shares in
issue                197,042,498          104,042,498              128,905,511





DIMENSION RESOURCES LIMITED
and its subsidiaries

Summarised Balance Sheet
30 June 2004

                                 30 June 2004   30 June 2003   31 December 2003
                                  (Unaudited)    (Unaudited)      (Audited)
                                     GBP            GBP              GBP


Non-current
assets                             15,700,501     15,676,400     15,754,877

                                 -------------    ----------    ---------------

Tangible
assets                              1,365,347      1,338,879      1,419,723

Stone deposits                     14,306,101     14,306,101     14,306,101

Pre-production
costs                                  29,053         31,420         29,053
                                   -----------     ---------    ---------------

                                   -----------     ---------    ---------------
Current assets                        218,282        276,791        490,689    
                                   -----------     ---------    ---------------

Stocks                                119,574        237,341        203,531

Debtors                                65,886         58,104         91,727

Cash at bank
and in hand                            32,822        (18,654)        195,431
                                    ----------      ----------     ----------

Current
liabilities

Creditors and
Accruals                              (87,712)       (79,663)       (115,558)

                                    -----------     ----------      ---------
Net current
assets                                130,570        197,128         375,131

                                    -----------     ----------      ---------
                                     15,831,071     15,873,528     16,130,008
                                     ==========     ==========     ==========



Capital and
reserves


Called up
share capital                        6,799,000      6,706,000       6,799,000

Share                               
premium                             11,932,457     11,577,857      11,932,457 

Profit and
loss                                  (917,771)    (2,580,415)      ( 794,585)
                                     ---------    ------------     ----------  
Shareholders'
funds                               17,813,686     15,703,442      17,936,872

Foreign
currency
translation
reserve                             (2,057,853)         9,863      (1,939,598)
  

Creditors -
amounts
falling due
after more
than 1 year                             75,238        160,223         132,734
                                     ---------    ------------     -----------
                                    15,831,071     15,873,528      16,130,008
                                   ============   ============    ============ 
                           

NOTES TO THE FINANCIAL INFORMATION

1. The interim results are unaudited and do not comprise full accounts within
the meaning of Section 240 of the companies Act 1985.
2. No interim dividend is being proposed or paid.
3. Earnings per share have been calculated on 197,042,498 ordinary shares in
issue.





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IR ILFESAVIIVIS