Final Results

RNS Number : 2872X

Shellproof Limited

12 August 2009

 



Shellproof Limited announces results for the period ended 31 March 2009

Belize City, Belize, 12 August 2009 - Shellproof Limited (London-AIM: SHLP) ('Shellproof' or the 'Company') reported net profit of ₤53,000 for the period 3 March 2008 (date of incorporation) to 31 March 2009, its first reported year-end since becoming listed on AIM in April 2008. Basic and diluted earnings per ordinary share for the period ended 31 March 2009 amounted to 0.66 pence.

The Company continues its search for investment opportunities in line with its stated strategy which includes possible investment in either one or more quoted or unquoted businesses that may have been set up by entrepreneurs with good strategic plans and need financial backing and the support of the experienced Shellproof management team.

Further details are set out in the Company's AIM Admission document dated 25 April 2008 and on the Company's web site.

For further information contact:

Shellproof Limited                

Belize [phone]                

UK [phone]

Note: This and other press releases are available at the Company's web site: http://www.Shellprooflimited.com. 

Income statement 

for the period 3 March 2008 (date of incorporation) to 31 March 2009

		UK£000
Administrative expenses		(114)
Operating loss		(114)
Financial income		167
Profit before taxation		53
Taxation		-
Net profit for the period		53

Earnings per ordinary share
Basic (pence)		0.66

Balance sheet

at 31 March 2009

		UK£000
Assets
Current assets
Cash and cash equivalents		4,077
Other receivables		19
		4,096
Liabilities
Current liabilities
Other payables		(43)
Net current assets		4,053
Net assets		4,053
Shareholders' equity
Called up share capital		4,000
Retained earnings		53
Total shareholders' equity		4,053

Statement of cash flows

for the period 3 March 2008 (date of incorporation) to 31 March 2009

		UK£000
Cash flows from operating activities
Cash used in operations		(90)
Interest received		167
Net cash generated from operating activities		77
Cash flows from financing activities
Net proceeds from issue of ordinary share capital		4,000
Net cash generated from financing activities		4,000
Net increase in cash and cash equivalents		4,077
Cash and cash equivalents at beginning of period		-
Cash and cash equivalents at end of period		4,077

-ENDS-

 

END

 

 

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