Interim Results
December 10 2010 - 7:16AM
UK Regulatory
TIDMSHOK
RNS Number : 7560X
Shellshock Limited
10 December 2010
Shellshock Limited announces unaudited interim results for the 6 months ended 30
September 2010
Belize City, Belize, December 10, 2010 - Shellshock Limited (London-AIM: SHOK)
("Shellshock" or the "Company") reported a net profit of GBP28,000 for the six
months ended 30 September 2010 (2009 - GBP22,000). Basic and diluted earnings per
ordinary share for the six months ended 30 September 2010 amounted to 0.47 pence
(2009 - 0.37 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 +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.shellshocklimited.com.
+-------------------------------------+---------------+------------+
| Shellshock Limited | | |
+-------------------------------------+---------------+------------+
| Summarised income statement | | |
| (unaudited) | | |
+-------------------------------------+---------------+------------+
| Six months ended September 30 | 2010 | 2009 |
+-------------------------------------+---------------+------------+
| | GBP000 | GBP000 |
+-------------------------------------+---------------+------------+
| Interest income | 60 | 62 |
+-------------------------------------+---------------+------------+
| Administrative expenses | (32) | (40) |
+-------------------------------------+---------------+------------+
| | | |
+-------------------------------------+---------------+------------+
| Net profit before and after | 28 | 22 |
| taxation | | |
+-------------------------------------+---------------+------------+
| Earnings per ordinary share (basic | 0.47 | 0.37 |
| and diluted) (in pence) | | |
+-------------------------------------+---------------+------------+
+-------------------------------------+---------------+------------+
| Shellshock Limited | | |
+-------------------------------------+---------------+------------+
| Summarised balance sheet | 30 September | 31 March |
| (unaudited) | | |
+-------------------------------------+---------------+------------+
| | 2010 | 2010 |
+-------------------------------------+---------------+------------+
| | GBP000 | GBP000 |
+-------------------------------------+---------------+------------+
| Current assets | | |
+-------------------------------------+---------------+------------+
| Cash and cash equivalents | 2,987 | 2,941 |
+-------------------------------------+---------------+------------+
| Other receivables | 6 | 19 |
+-------------------------------------+---------------+------------+
| Total assets | 2,993 | 2,960 |
+-------------------------------------+---------------+------------+
| Current liabilities | | |
+-------------------------------------+---------------+------------+
| Other payables | (23) | (18) |
+-------------------------------------+---------------+------------+
| Net assets | 2,970 | 2,942 |
+-------------------------------------+---------------+------------+
| | | |
+-------------------------------------+---------------+------------+
| Shareholders' equity | | |
+-------------------------------------+---------------+------------+
| Share capital | 3,000 | 3,000 |
+-------------------------------------+---------------+------------+
| Retained earnings | (30) | (58) |
+-------------------------------------+---------------+------------+
| Total shareholders' equity | 2,970 | 2,942 |
+-------------------------------------+---------------+------------+
| | | |
+-------------------------------------+---------------+------------+
| | | |
+-------------------------------------+---------------+------------+
| Shellshock Limited | | |
+-------------------------------------+---------------+------------+
| Summarised statement of cash flows | | |
| (unaudited) | | |
+-------------------------------------+---------------+------------+
| Six months ended September 30 | 2010 | 2009 |
+-------------------------------------+---------------+------------+
| | GBP000 | GBP000 |
+-------------------------------------+---------------+------------+
| | | |
+-------------------------------------+---------------+------------+
| Net cash generated from operating | 46 | (2) |
| activities | | |
+-------------------------------------+---------------+------------+
| Net increase (decrease) in cash for | 46 | (2) |
| the period | | |
+-------------------------------------+---------------+------------+
| Cash at beginning of period | 2,941 | 2,955 |
+-------------------------------------+---------------+------------+
| Cash at end of period | 2,987 | 2,953 |
+-------------------------------------+---------------+------------+
-ENDS-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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