Shellshock Limited Half Yearly Report (9071A)

TIDMSHOK

RNS Number : 9071A

Shellshock Limited

30 December 2014

Shellshock Limited announces unaudited interim results for the 6 months ended 30 September 2014

Belize City, Belize, 30 December 2014 - 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 29.0% premium to the Company's net asset value.

The Company reports a net profit of GBP12,000for the six months ended 30 September 2014 (2013 - GBP5,000). Basic and diluted earnings per ordinary share for the six months ended 30 September 2014 amounted to 0.20 pence (2013 - 0.09 pence).

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.

 
 Summarised income statement (unaudited) 
 Six months ended September 30                2014     2013 
                                            LIR000   LIR000 
 Interest income                                48       39 
 Administrative expenses                      (35)     (34) 
 
 Net profit before and after taxation           13        5 
                                           -------  ------- 
 Earnings per ordinary share (basic 
  and diluted) (in pence)                     0.20     0.09 
                                           -------  ------- 
 
 
 
 Summarised balance sheet (unaudited)    30 September   31 March 
                                                 2014       2014 
                                               LIR000     LIR000 
 Current assets 
 Cash and cash equivalents                      3,167      3,128 
 Other receivables                                  9         25 
                                        -------------  --------- 
 Total assets                                   3,176      3,153 
 Current liabilities 
 Other payables                                  (31)       (21) 
 Net assets                                     3,145      3,132 
                                        -------------  --------- 
 
 Shareholders' equity 
 Share capital                                  3,000      3,000 
 Retained earnings                                145        132 
 Total shareholders' equity                     3,145      3,132 
                                        -------------  --------- 
 
 
 Summarized statement of cash flows (unaudited) 
 Six months ended September 30                2014     2013 
                                            LIR000   LIR000 
 
 Net cash generated from operating 
  activities                                    39       29 
                                           -------  ------- 
 Net increase in cash for the period            39       29 
 Cash at beginning of period                 3,128    3,114 
                                           -------  ------- 
 Cash at end of period                       3,167    3,143 
                                           -------  -------

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

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