Half Yearly Report (7245T)
09 Dezember 2011 - 4:40PM
UK Regulatory
TIDMSHLP
RNS Number : 7245T
Shellproof Limited
09 December 2011
Shellproof Limited announces unaudited interim results for the 6
months ended 30 September 2011
Belize City, Belize, 9 December 2011 - Shellproof Limited
(London-AIM: SHLP) ("Shellproof" or the "Company").
The Company was established in 2008 as a cash-shell entity.
It has continued to 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.
Recently, the Company has made a small exploratory investment in
the business of high quality sparkling wine production. A UK
subsidiary has been established and the Company plans to incur up
to approximately GBP350,000 of expenditures in connection with this
investment.
The Board notes that, as of the date of this announcement, the
shares of Shellproof trade on AIM at an approximate 20% discount to
the Company's net asset value.
The Company reports a net profit of LIR7,000 for the six months
ended 30 September 2011 (2010 - LIR53,000). Basic and diluted
earnings per ordinary share for the six months ended 30 September
2011 amounted to 0.09 pence (2010 - 0.66 pence).
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.
Shellproof Limited
Summarised income statement
6 months ended 30 September 2011 2010
LIR000 LIR000
Interest income 72 84
Administrative expenses (65) (31)
Net profit before and after taxation 7 53
------- -------
Earnings per ordinary share (basic
and diluted) (in pence) 0.09 0.66
------- -------
Shellproof Limited
Summarised balance sheet (unaudited) 30 September 2011 31 March 2011
LIR000 LIR000
Fixed assets 73
Current assets
Cash and cash equivalents 4,235 4,257
Other current assets 10 19
------------------ --------------
Total assets 4,318 4,276
Current liabilities
Other payables (49) (14)
Net assets 4,269 4,262
------------------ --------------
Shareholders' equity LIR000 LIR000
Share capital 4,000 4,000
Retained earnings 269 262
Total shareholders' equity 4,269 4,262
------------------ --------------
Shellproof Limited
Summarised statement of cash flows
(unaudited)
6 months ended 30 September 2010 2009
LIR000 LIR000
Net cash generated from operating
activities 51 72
------------------ --------------
Purchase of fixed assets (73) 0
------------------ --------------
Net (decrease) increase in cash
for the period (22) 72
Cash at beginning of period 4,257 4,156
------------------ --------------
Cash at end of period 4,235 4,228
------------------ --------------
-ENDS-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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