Interim Results

    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 [phone]                
    UK [phone]

    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
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