Interim Results

RNS Number : 5948E

Shellproof Limited

22 December 2009

 



Shellproof Limited announces unaudited interim results for the six months ended 30 September 2009

Belize City, Belize, December 22 2009 - Shellproof Limited (London-AIM: SHLP) ("Shellproof" or the "Company") reported net profit of ₤50,000 for the 6 months ended 30 September 2009 (2008 - net profit ₤33,000 for the period 3 March 2008 (date of incorporation) to 30 September 2008).  Basic and diluted earnings per ordinary share for the six months ended 30 September 2009 amounted to 0.63 pence (2008 - 0.41 pence for period 3 March 2008 to 30 September 2008).

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 6 months ended 30 September 2009 (2008 - for the period 3 March 2008 to September 30 2008)

	1 April 2009 to 30 September 2009	3 March 2008 to 30 September 2008
Summarised income statement (unaudited)	₤000	₤000
Interest income	84	88
Administrative expenses	(34)	(55)
Net profit before and after taxation	50	33
Earnings per ordinary share (basic and diluted) (in pence)	0.63	0.41

Balance sheet

	30 September 2009	31 March 2009
Summarised balance sheet (unaudited)	₤000	₤000
Current assets
Cash and cash equivalents	4,123	4,077
Other receivables	6	19
Total assets	4,129	4,096
Current liabilities
Other payables	(26)	(43)
Net assets	4,103	4,053
Shareholders' equity
Called up share capital	4,000	4,000
Retained earnings	103	53
Total shareholders' equity	4,103	4,053

Statement of cash flows

for 6 months ended 30 September 2009 (2008 - for the period 3 March 2008 (date of incorporation) to 30 September 2008

Summarised statement of cash flows (unaudited)	1 April 2009 to 30 September 2009	3 March 2008 to 30 September 2008
	₤000	₤000
Operating activities
Net cash generated from operating activities	46	68
Financing activities
Proceeds from issue of ordinary share capital	-	4,000
Net increase in cash for the period	46	4,068
Cash at beginning of period	4,077	-
Cash at end of period	4,123	4,068

-ENDS-

 

END

 

 

IR FELFWESUSEFE