Half Yearly Report

RNS Number : 0123U

Shellshock Limited

20 December 2012

 



Shellshock Limited announces unaudited interim results for the 6 months ended 30 September 2012

Belize City, Belize, 20 December 2012 - Shellshock Limited (London-AIM: SHOK) ("Shellshock" or the "Company").

The Company was established in 2007 as a cash-shell entity.

It continues to 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 Shellshock management team.

Current economic and market conditions have made the search challenging, but the Board is confident that suitable investment opportunities will arise when market conditions improve.

The Board notes that, as of the date of this announcement, the shares of Shellshock trade on AIM at an approximate 20.6% discount to the Company's net asset value.

The Company reports a net profit of ₤44,000 for the six months ended 30 September 2012 (2011 - ₤23,000). Basic and diluted earnings per ordinary share for the six months ended 30 September 2012 amounted to 0.73 pence (2011 - 0.38 pence).

For further information contact:

Shellshock Limited                                       

Belize [phone]                                    

UK [phone]

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

Shellshock Limited
Summarised income statement (unaudited)
Six months ended September 30	2012	2011
	₤000	₤000
Interest income	77	56
Administrative expenses	(33)	(33)
Net profit before and after taxation	44	23
Earnings per ordinary share (basic and diluted) (in pence)	0.73	0.38

Shellshock Limited
Summarised balance sheet (unaudited)	30 September	31 March
	2012	2012
	₤000	₤000
Current assets
Cash and cash equivalents	3,117	3,052
Other receivables	6	21
Total assets	3,123	3,073
Current liabilities
Other payables	(25)	(19)
Net assets	3,098	3,054
Shareholders' equity
Share capital	3,000	3,000
Retained earnings	98	54
Total shareholders' equity	3,098	3,054

Shellshock Limited
Summarised statement of cash flows (unaudited)
Six months ended September 30	2012	2011
	₤000	₤000
Net cash generated from operating activities	65	31
Net increase in cash for the period	65	31
Cash at beginning of period	3,052	3,001
Cash at end of period	3,117	3,032

-ENDS-

 

END

 

 

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