Half Yearly Report

RNS Number : 7726V

Shellshock Limited

18 December 2013

 



Shellshock Limited announces unaudited interim results for the 6 months ended 30 September 2013

Belize City, Belize, 18 December 2013 - 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.

The Board notes that, as of the date of this announcement, the shares of Shellshock trade on AIM at an approximate 17% discount to the Company's net asset value.

The Company reports a net profit of £5,000for the six months ended 30 September 2013 (2012 - £44,000). Basic and diluted earnings per ordinary share for the six months ended 30 September 2013 amounted to 0.08 pence (2012 - 0.73 pence).

For further information contact:

Shellshock Limited                                       

Belize [phone]                                    

UK [phone]

Cenkos Securities plc

Nicholas Wells                        [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	2013	2012
	₤000	₤000
Interest income	39	77
Administrative expenses	(34)	(33)
Net profit before and after taxation	5	44
Earnings per ordinary share (basic and diluted) (in pence)	0.08	0.73

Shellshock Limited
Summarised balance sheet (unaudited)	30 September	31 March
	2013	2013
	₤000	₤000
Current assets
Cash and cash equivalents	3,143	3,114
Other receivables	6	23
Total assets	3,149	3,137
Current liabilities
Other payables	(27)	(20)
Net assets	3,122	3,117
Shareholders' equity
Share capital	3,000	3,000
Retained earnings	122	117
Total shareholders' equity	3,122	3,117
Shellshock Limited
Summarized statement of cash flows (unaudited)
Six months ended September 30	2013	2012
	₤000	₤000
Net cash generated from operating activities	29	65
Net increase in cash for the period	29	65
Cash at beginning of period	3,114	3,052
Cash at end of period	3,143	3,117

-ENDS-

 

END

 

 

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