Interim Results

RNS Number : 6758E

Shellshock Limited

23 December 2009

 



Shellshock Limited announces unaudited interim results for the 6 months ended 30 September 2009

Belize City, Belize, 23 December 2009 - Shellshock Limited (London-AIM: SHOK) ("Shellshock" or the "Company") reported a net profit of ₤22,000 for the 6 months ended 30 September 2009 (2008 - loss ₤76,000). Basic and diluted loss per ordinary share for the 6 months ended 30 September 2009 amounted to 0.37 pence (2008 - loss per ordinary share 1.27 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 Shellshock management team.

Further details are set out in the Company's AIM Admission document dated 4 October 2007 and on the Company's web site.

For further information contact:

Shellshock Limited                

Belize [phone]                

UK [phone]

Note: This and other press releases are available at the Company's web site:

http//www.shellshocklimited.com.

Shellshock Limited
Summarised income statement (unaudited)
Six months ended September 30	2009	2008
	₤000	₤000
Interest income	62	63
Administrative expenses	(40)	(139)
Net profit (loss) before and after taxation	22	(76)
Earnings (loss) per ordinary share (basic and diluted) (in pence)	0.37	(1.27)

Shellshock Limited	September 30 2009	March 31 2009
Summarised balance sheet (unaudited)	₤000	₤000
Current assets
Cash and cash equivalents	2,953	2,955
Other receivables	6	18
Total assets	2,959	2,973
Current liabilities
Other payables	(32)	(68)
Net assets	2,927	2,905
Shareholders' equity
Share capital	3,000	3,000
Retained earnings	(73)	(95)
Total shareholders' equity	2,927	2,905

Shellshock Limited
Summarised statement of cash flows (unaudited)
Six months ended September 30	2009	2008
	₤000	₤000
Operating activities
Net cash (utilised by) generated from operating activities	(2)	17
Net (decrease) increase in cash for the period	(2)	17
Cash at beginning of period	2,955	3,055
Cash at end of period	2,953	3,072

-ENDS-

 

END

 

 

IR FEEFMDSUSEDE