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Final Results

12th Aug 2009 07:00

RNS Number : 2872X
Shellproof Limited
12 August 2009
 



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-

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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