Final Results

RNS Number : 4640T

Shellproof Limited

28 September 2010

 



Shellproof Limited announces results for the year ended 31 March 2010

Belize City, Belize, 28 September 2010 - Shellproof Limited (London-AIM: SHLP) ("Shellproof" or the "Company") reported net profit of ₤105,000 for the year ended 31 March 2010 (2009 - ₤53,000 from the date of incorporation 3 March 2008 to 31 March 2009). Basic and diluted earnings per ordinary share for the year ended 31 March 2010 amounted to 1.31 pence (2009 - 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.

The Company confirms that it has today posted the annual report to shareholders, copies of which are available on the Company's web site. Further details on the Company 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. 

Shellproof Limited	Year ended 31 March 2010	3 March 2008 to 31 March 2009
Summarised income statement	₤000	₤000
Interest income	161	167
Administrative expenses	(56)	(114)
Net profit before and after taxation	105	53
Earnings per ordinary share (basic and diluted) (in pence)	1.31	0.66
	31 March 2010	31 March 2009
Summarised balance sheet (unaudited)	₤000	₤000
Current assets
Cash and cash equivalents	4,156	4,077
Other receivables	19	19
Total assets	4,175	4,096
Current liabilities
Other payables	(17)	(43)
Net assets	4,158	4,053
Shareholders' equity
Share capital	4,000	4,000
Retained earnings	158	53
Total shareholders' equity	4,155	4,053
Summarised statement of cash flows for the period	Year ended 31 March 2010	3 March 2008 to 31 March 2009
	₤000	₤000
Operating activities
Net cash generated from operating activities	79	77
Financing activities
Proceeds from issue of ordinary share capital	-	4,000
Net increase in cash for the period	79	4,077
Cash at beginning of period	4,077	-
Cash at end of period	4,156	4,077

-ENDS-

 

END

 

 

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