Last checked at 22 Dec 2009 17:16
Shellproof Limited announces unaudited interim results for the six months ended 30 September 2009
Belize City, Belize, December 22 2009 - Shellproof Limited (London-AIM: SHLP) ("Shellproof" or the "Company") reported net profit of ₤50,000 for the 6 months ended 30 September 2009 (2008 - net profit ₤33,000 for the period 3 March 2008 (date of incorporation) to 30 September 2008). Basic and diluted earnings per ordinary share for the six months ended 30 September 2009 amounted to 0.63 pence (2008 - 0.41 pence for period 3 March 2008 to 30 September 2008).
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.
Further details 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 +501 223 5989
UK +44 (0)20 7248 6700
Note: This and other press releases are available at the Company's web site: http://www.Shellprooflimited.com.
Income statement
for the 6 months ended 30 September 2009 (2008 - for the period 3 March 2008 to September 30 2008)
| 1 April 2009 to 30 September 2009 | 3 March 2008 to 30 September 2008 | |
| Summarised income statement (unaudited) | ₤000 | ₤000 |
| Interest income | 84 | 88 |
| Administrative expenses | (34) | (55) |
| Net profit before and after taxation | 50 | 33 |
| Earnings per ordinary share (basic and diluted) (in pence) | 0.63 | 0.41 |
Balance sheet
| 30 September 2009 | 31 March 2009 | |
| Summarised balance sheet (unaudited) | ₤000 | ₤000 |
| Current assets | ||
| Cash and cash equivalents | 4,123 | 4,077 |
| Other receivables | 6 | 19 |
| Total assets | 4,129 | 4,096 |
| Current liabilities | ||
| Other payables | (26) | (43) |
| Net assets | 4,103 | 4,053 |
| Shareholders' equity | ||
| Called up share capital | 4,000 | 4,000 |
| Retained earnings | 103 | 53 |
| Total shareholders' equity | 4,103 | 4,053 |
Statement of cash flows
for 6 months ended 30 September 2009 (2008 - for the period 3 March 2008 (date of incorporation) to 30 September 2008
| Summarised statement of cash flows (unaudited) | 1 April 2009 to 30 September 2009 | 3 March 2008 to 30 September 2008 |
| ₤000 | ₤000 | |
| Operating activities |
|
|
| Net cash generated from operating activities | 46 | 68 |
| Financing activities | ||
| Proceeds from issue of ordinary share capital | - | 4,000 |
| Net increase in cash for the period | 46 | 4,068 |
| Cash at beginning of period | 4,077 | - |
| Cash at end of period | 4,123 | 4,068 |
-ENDS-