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Judicium Plc (JUD)

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Thursday 23 December, 2010

Judicium Plc

Half-yearly Report


FOR IMMEDIATE RELEASE 23 December 2010

                                 JUDICIUM PLC                                  

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2010

Judicium plc is pleased to announce its interim, unaudited, results for the six
months ended 30 September 2010.

The principal activity of the Judicium plc group during the period, conducted
mainly 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 and data protection.

The Directors are pleased to announce a significant increase in profits for the
first six months of the financial year. This is largely the result of organic
growth in our consultancy sector with a small contribution by our newly
launched subsidiary Porta Verde Financial Services Limited. The latter company
will operate as a regulatory umbrella enabling financial services firms to
trade as Appointed Representatives under the company's regulatory permissions,
rather than seek their own direct authorisation from the Financial Services
Authority.

The Directors expect the second half of the year to see a substantial increase
in operating costs for both trading subsidiaries in order to meet expected
organic growth over the coming year. This increase in costs will reduce second
half operating profits to around half of the first six months, giving a
projected annual profit before tax and exeptional items of around £300,000.

The board is not recommending the payment of a dividend in respect of the six
months ended 30 September 2010.

                        CONSOLIDATED PROFIT & LOSS                         
                                                                           
                                               Six months      Six months  
                                                  ended          ended     
                                                                           
                                                30-Sep-10      30-Sep-09   
                                                                           
                                                Unaudited      Unaudited   
                                                                           
Turnover                                         917,354        718,122    
                                                                           
Cost of Sales                                   (68,454)        (72,406)   
                                                                           
Gross Profit                                     848,900        645,716    
                                                                           
Administrative Expenses                         - 656,938       -562,177   
                                                                           
OPERATING PROFIT / (LOSS)                        191,962         83,539    
                                                                           
Investment Income                                  221            149      
                                                                           
PROFIT / (LOSS) ON ORDINARY                      192,183         83,688    
                                                                           
ACTIVITIES BEFORE TAXATION                       192,183         83,688    
                                                                           
Taxation                                            -              -       
                                                                           
PROFIT / (LOSS) ON ORDINARY                                                
                                                                           
ACTIVITIES AFTER TAXATION                        192,183         83,688    
                                                                           
Earnings / (Loss) per Share                       9.73p          4.24p     

                        CONSOLIDATED BALANCE SHEET                         
                                                                           
                                               Six months      Six months  
                                                  ended          ended     
                                                                           
                                                30-Sep-10      30-Sep-09   
                                                                           
                                                Unaudited      Unaudited   
                                                                           
FIXED ASSETS                                                               
                                                                           
Tangible Assets                                  18,995          5,844     
                                                                           
                                                 18,995          5,844     
                                                                           
CURRENT ASSETS                                                             
                                                                           
Debtors                                          170,838        131,150    
                                                                           
Cash in Hand and in Bank                         854,279        509,672    
                                                                           
Other Assets                                     221,985         42,570    
                                                                           
                                                                           
                                                                           
                                                1,247,102       683,392    
                                                                           
CREDITORS                                                                  
                                                                           
Amount falling due < one year                   -144,560        -207,492   
                                                                           
                                                -144,560        -207,492   
                                                                           
NET CURRENT ASSETS                              1,102,542       475,900    
                                                                           
TOTAL ASSETS LESS CURRENT                       1,121,537       481,744    
LIABILITIES                                                                
                                                                           
NET ASSETS                                      1,121,537       481,744    
                                                                           
CAPITAL AND RESERVES                                                       
                                                                           
Called up share capital                          197,597        197,597    
                                                                           
Merger reserve                                   923,940        284,147    
                                                                           
SHAREHOLDERS' FUNDS                             1,121,537       481,744    

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

Roland Cornish, Beaumont Cornish Limited on 020 7628 3396

                                      END                                      


                                                                                                                                                                                                                                                   

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