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Judicium Plc (JUD)

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Thursday 24 December, 2009

Judicium Plc

Half-yearly Report


FOR IMMEDIATE RELEASE 24 December 2009

JUDICIUM PLC

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2009

Judicium plc is pleased to announce its interim, unaudited, results for the six
months ended 30 September 2009.

The principal activity of the Judicium plc group during the period, conducted
through its wholly owned subsidiary Judicium Consulting Ltd, was the provision
of regulatory consultancy and training services to private and public sector
organisations in the areas of employment law, financial services, health and
safety, data protection and trademarks.

Despite difficult economic circumstances the Directors are pleased to report
trading figures in line with expectations set out in the previous financial
year-end. The economic downturn has resulted in a fall in sales for short term
one-off consultancy contracts; especially those involving safety consulting.
This drop is likely to continue over the next 6 months and may be aggravated as
companies seek to reduce expenses to the minimum and strech credit limits to
the full. These factors, together with a one-off cost for Directors' fees will
result in a fall in turnover and profitability over the current financial year
before rising again the following year.

The board is not recommending the payment of a dividend in respect of the six
months ended 30 September 2009.

                        CONSOLIDATED PROFIT & LOSS                         
                                                                           
                                               Six months      Six months  
                                                                 ended     
                                                  ended                    
                                                                           
                                                30-Sep-09      30-Sep-08   
                                                                           
                                                Unaudited      Unaudited   
                                                                           
Turnover                                         718,122         722,088    
                                                                           
Cost of Sales                                    -72,406        -130,195   
                                                                           
Gross Profit                                     645,716         591,893    
                                                                           
Administrative Expenses                         -562,177        -502,816   
                                                                           
OPERATING PROFIT / (LOSS)                         83,539          89,077    
                                                                           
Investment Income                                    149           3,210     
                                                                           
                                                  83,688          92,287    
                                                                           
PROFIT / (LOSS) ON ORDINARY                                                
                                                                           
ACTIVITIES BEFORE TAXATION                        83,688          92,287    
                                                                           
Taxation                                            -              -       
                                                                           
PROFIT / (LOSS) ON ORDINARY                                                
                                                                           
ACTIVITIES AFTER TAXATION                         83,688          92,287    
                                                                           
Earnings / (Loss) per Share                        4.24p           4.67p     
                                                                           

                        CONSOLIDATED BALANCE SHEET                         
                                                                           
                                               Six months      Six months  
                                                                 ended     
                                                  ended                    
                                                                           
                                                30-Sep-09      30-Sep-08   
                                                                           
                                                Unaudited      Unaudited   
                                                                           
FIXED ASSETS                                                               
                                                                           
Tangible Assets                                    5,844          2,055     
                                                                           
                                                   5,844          2,055     
                                                                           
CURRENT ASSETS                                                             
                                                                           
Debtors                                          131,150        240,574    
                                                                           
Cash in Hand and in Bank                         509,672        224,869    
                                                                           
Other Assets                                      42,570            -       
                                                                           
                                                 683,392        465,442    
                                                                           
CREDITORS                                                                  
                                                                           
Amount falling due < one year                   -207,492        -279,091   
                                                                           
                                                -207,492        -279,091   
                                                                           
NET CURRENT ASSETS                               475,900         186,351    
                                                                           
TOTAL ASSETS LESS CURRENT                        481,744         188,406    
LIABILITIES                                                                
                                                                           
NET ASSETS                                       481,744         188,406    
                                                                           
CAPITAL AND RESERVES                                                       
                                                                           
Called up share capital                          197,597         197,597    
                                                                           
Merger reserve                                   284,147          -9,191    
                                                                           
SHAREHOLDERS' FUNDS                              481,744         188,406    
                                                                           

Contact: Leon de Costa, Chief Executive Officer on 020 7336 8403

Roland Cornish, Beaumont Cornish Limited on 020 7628 3396

                                     
                                        

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