12th Aug 2009 07:00
Shellproof Limited announces results for the period ended 31 March 2009
Belize City, Belize, 12 August 2009 - Shellproof Limited (London-AIM: SHLP) ("Shellproof" or the "Company") reported net profit of ₤53,000 for the period 3 March 2008 (date of incorporation) to 31 March 2009, its first reported year-end since becoming listed on AIM in April 2008. Basic and diluted earnings per ordinary share for the period ended 31 March 2009 amounted to 0.66 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 +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 period 3 March 2008 (date of incorporation) to 31 March 2009
|
UK£000 |
||
|
Administrative expenses |
(114) |
|
|
Operating loss |
(114) |
|
|
Financial income |
167 |
|
|
Profit before taxation |
53 |
|
|
Taxation |
- |
|
|
Net profit for the period |
53 |
|
Earnings per ordinary share |
||
|
Basic (pence) |
0.66 |
Balance sheet
at 31 March 2009
|
UK£000 |
||
|
Assets |
||
|
Current assets |
||
|
Cash and cash equivalents |
4,077 |
|
|
Other receivables |
19 |
|
|
4,096 |
||
|
Liabilities |
||
|
Current liabilities |
||
|
Other payables |
(43) |
|
|
Net current assets |
4,053 |
|
|
Net assets |
4,053 |
|
|
Shareholders' equity |
||
|
Called up share capital |
4,000 |
|
|
Retained earnings |
53 |
|
|
Total shareholders' equity |
4,053 |
Statement of cash flows
for the period 3 March 2008 (date of incorporation) to 31 March 2009
|
UK£000 |
||
|
Cash flows from operating activities |
||
|
Cash used in operations |
(90) |
|
|
Interest received |
167 |
|
|
Net cash generated from operating activities |
77 |
|
|
Cash flows from financing activities |
||
|
Net proceeds from issue of ordinary share capital |
4,000 |
|
|
Net cash generated from financing activities |
4,000 |
|
|
Net increase in cash and cash equivalents |
4,077 |
|
|
Cash and cash equivalents at beginning of period |
- |
|
|
Cash and cash equivalents at end of period |
4,077 |
-ENDS-
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