Interim Results

RNS Number : 7558X

Shellproof Limited

10 December 2010

 



Shellproof Limited announces unaudited interim results for the six months ended 30 September 2010

Belize City, Belize, December 10 2010 - Shellproof Limited (London-AIM: SHLP) ("Shellproof" or the "Company") reported net profit of ₤53,000 for the six months ended 30 September 2010 (2009 - ₤50,000). Basic and diluted earnings per ordinary share for the six months ended 30 September 2010 amounted to 0.66 pence (2009 - 0.63 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.

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 [phone]                                    

UK [phone]

Note: This and other press releases are available at the Company's web site: http://www.Shellprooflimited.com. 

Shellproof Limited
Summarised income statement
Six months ended 30 September	2010	2009
	₤000	₤000
Interest income	84	84
Administrative expenses	(31)	(34)
Net profit before and after taxation	53	50
Earnings per ordinary share (basic and diluted) (in pence)	0.66	0.63

Shellproof Limited
Summarised balance sheet (unaudited)	30 September 2010	31 March 2010
	₤000	₤000
Current assets
Cash and cash equivalents	4,228	4,156
Other receivables	6	19
Total assets	4,234	4,175
Current liabilities
Other payables	(23)	(17)
Net assets	4,211	4,158
Shareholders' equity
Share capital	4,000	4,000
Retained earnings	211	158
Total shareholders' equity	4,211	4,158
Shellproof Limited
Summarised statement of cash flows
Six months ended 30 September	2010	2009
	₤000	₤000
Net cash generated from operating activities	72	46
Net increase in cash for the period	72	46
Cash at beginning of period	4,156	4,077
Cash at end of period	4,228	4,123

-ENDS-

 

END

 

 

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