Interim Results
06 Noviembre 2008 - 10:28AM
UK Regulatory
RNS Number : 6548H
Cockleshell Limited
06 November 2008
Cockleshell Limited announces interim results for the period ended 30 September 2008
Belize City, Belize, 6 November 2008 - Cockleshell Limited (London-AIM: CKL) ("Cockleshell" or the "Company") reported net profit of
US$558,000 for the six months ended 30 September 2008 (US$599,000 for the period 17 October 2007 (date of incorporation) to 31 March 2008).
Basic and diluted earnings per ordinary share for the six months ended 30 September 2008 amounted to 1.24 cents (1.33 cents for the period
ended 31 March 2008).
Details of the Company are set out in the Company's AIM Admission document dated 4 December 2007 and available on the Company's
website.
The Company's cash funds are invested in a US dollar term deposit account earning interest at market rates. The Company continues its
search for investment opportunities in line with its stated strategy which includes possible investment in either one or more businesses
that may have been set up by entrepreneurs with good strategic plans and need financial backing and the support of the experienced
Cockleshell management team.
Cockleshell 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.cockleshelllimited.com.
Cockleshell Limited
Summarised income statement 1 April 2008 to 30 17 October 2007 to 31 March 2008
(unaudited) September 2008
US$000 US$000
Financial - interest income 716 638
Administrative expenses (158) (39)
Net profit before and after 558 599
taxation
Earnings per ordinary share 1.24 1.33
(basic and diluted) (in cents)
Number of ordinary shares at 44,857,464 44,857,464
period end
30-Sep-08 31-Mar-08
Summarised balance sheet US$000 US$000
(unaudited)
Current assets
Cash and cash equivalents 51,251 50,635
Other receivables 12 37
Total assets 51,263 50,672
Current liabilities
Other payables (106) (73)
Net assets 51,157 50,599
Shareholders' equity
Share capital 449 449
Contributed surplus 49,551 49,551
Retained earnings 1,157 599
Total shareholders' equity 51,157 50,599
1 April 2008 to 30 17 October 2007 to 31 March 2008
September 2008
Summarised statement of cash US$000 US$000
flows (unaudited)
Operating activities
Net cash generated from 616 635
operating activities
Financing activities
Cash contribution - 50,000
Net increase in cash for the 616 50,635
period
Cash at beginning of period 50,635 -
Cash at end of period 51,251 50,635
Notes to the unaudited financial information
The Company is not subject to taxation as a result of its status as an International Business Company under the laws of Belize, its
country of incorporation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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