Shellshock Limited Half Yearly Report (7726V)

TIDMSHOK

RNS Number : 7726V

Shellshock Limited

18 December 2013

Shellshock Limited announces unaudited interim results for the 6 months ended 30 September 2013

Belize City, Belize, 18 December 2013 - Shellshock Limited (London-AIM: SHOK) ("Shellshock" or the "Company").

The Company was established in 2007 as a cash-shell entity.

It continues 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 Shellshock management team.

The Board notes that, as of the date of this announcement, the shares of Shellshock trade on AIM at an approximate 17% discount to the Company's net asset value.

The Company reports a net profit of GBP5,000for the six months ended 30 September 2013 (2012 - GBP44,000). Basic and diluted earnings per ordinary share for the six months ended 30 September 2013 amounted to 0.08 pence (2012 - 0.73 pence).

For further information contact:

Shellshock Limited

Belize +501 223 5989

UK +44 (0)20 7248 6700

Cenkos Securities plc

   Nicholas Wells                        +44 (0)20 7397 8920

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                2013     2012 
                                            LIR000   LIR000 
 Interest income                                39       77 
 Administrative expenses                      (34)     (33) 
 
 Net profit before and after taxation            5       44 
                                           -------  ------- 
 Earnings per ordinary share (basic 
  and diluted) (in pence)                     0.08     0.73 
                                           -------  ------- 
 
 
 Shellshock Limited 
 Summarised balance sheet (unaudited)    30 September   31 March 
                                                 2013       2013 
                                               LIR000     LIR000 
 Current assets 
 Cash and cash equivalents                      3,143      3,114 
 Other receivables                                  6         23 
                                        -------------  --------- 
 Total assets                                   3,149      3,137 
 Current liabilities 
 Other payables                                  (27)       (20) 
 Net assets                                     3,122      3,117 
                                        -------------  --------- 
 
 Shareholders' equity 
 Share capital                                  3,000      3,000 
 Retained earnings                                122        117 
 Total shareholders' equity                     3,122      3,117 
                                        -------------  --------- 
 
 
 Shellshock Limited 
 Summarized statement of cash flows (unaudited) 
 Six months ended September 30                   2013       2012 
                                               LIR000     LIR000 
 
 Net cash generated from operating 
  activities                                       29         65 
                                        -------------  --------- 
 Net increase in cash for the period               29         65 
 Cash at beginning of period                    3,114      3,052 
                                        -------------  --------- 
 Cash at end of period                          3,143      3,117 
                                        -------------  ---------

-ENDS-

This information is provided by RNS

The company news service from the London Stock Exchange

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