Interim Results

RNS Number:4610T
Sky High PLC
22 March 2007


                                  SKY HIGH PLC
                          (formerly Myratech.net plc)

         Unaudited results for the six months ended 31st December 2006

                                 INTERIM REPORT


INTRODUCTION

On 24th January 2007 the Company announced that all resolutions had been passed
at the Extraordinary General Meeting held on that day.  Subsequent to that
meeting the acquisition of Sky High Traffic Data Limited was completed and the
Company's name was changed to Sky High Plc.

This interim report covers the six-month period to 31 December 2006, and
therefore pre-dates the acquisition.  The financial impact of the acquisition
will be shown when the Company reports at its financial year-end, which has been
changed to 31 March 2007.

RESULTS AND FINANCE

Throughout the period covered by this report, the Company was a cash shell and
did not trade.  It incurred limited expenses in order to maintain its AIM
listing whilst also accruing interest on the cash deposited with the bank.
There was a loss for the 6 months of #4,293 (6 months to 31 December 2005 -
profit #3,173).

The Directors do not intend to recommend a payment of a dividend.

BOARD

Following the acquisition of Sky High Traffic Data Ltd your Board has changed.
I have joined as Non-Executive Chairman, whilst Mark Mattison and Grant Wilson
have joined as Executive Directors.  Michael Jackson, Vin Murria and David Lowe
continue as Non-Executive Directors.

Ewen Wigley has succeeded Tony Mobley as Company Secretary.


CURRENT TRADING AND FUTURE PROSPECTS

Your Company has now set out on a new and exciting phase of its development.  As
it explained in its circular to shareholders dated 29th December 2006, the
Company believes that there will be increasing demand for knowledge created
through the capture and analysis of data.  The acquisition of Sky High Traffic
Data Limited is an ideal first stage in the development of a group focussed in
this area.

The beginning of the calendar year has traditionally been a quiet time for the
Sky High business and early 2007 has continued this trend.  The Board expects
the full year trading for the Sky High business to be satisfactory.  In the
meantime the Board has begun to actively search for new opportunities to grow
the Group.


Richard Jackson
CHAIRMAN

22 March 2007


For enquiries:

Mark Mattison, Managing Director                     Tel:  [phone]
Sky High Plc

Mike Coe, Director
Corporate Synergy Plc                                Tel:  [phone]



Group Profit and Loss Account

                                                             Unaudited         Unaudited          Audited
                                                            six months        six months        12 months
                                                                 to 31             to 31            to 30
                                                              December          December             June
                                                                  2006              2005             2006
                                                                 #'000             #'000            #'000

Other operating expenses                                          (13)               (8)             (49)
Operating loss                                                    (13)               (8)             (49)

Interest receivable                                                  9                11               21
Interest payable                                                     -                 -                -
(Loss)/profit on ordinary
activities before taxation                                         (4)                 3             (28)
Taxation                                                             -                 -                -
(Loss)/profit on ordinary
activities after tax                                               (4)                 3             (28)

Basic (loss)/profit per share                                (0.0015)p            0.001p        (0.0099)p
Diluted (loss)/profit per share                              (0.0015)p            0.001p        (0.0099)p




Group Balance Sheet

                                                             Unaudited         Unaudited          Audited
                                                                 to 31             to 31            to 30
                                                              December          December             June
                                                                  2006              2005             2006
                                                                 #'000             #'000            #'000
Current assets

Debtors                                                              3                 1                1
Cash at bank and in hand                                           511               557              555
                                                                   514               558              556

Creditors: Amounts falling due
within one year                                                   (44)              (53)             (82)
Net current assets                                                 470               505              474


Net assets                                                         470               505              474

Capital and reserves
Called up share capital                                            550               550              550
Share premium                                                    5,331             5,331            5,331
Merger reserve                                                   (118)             (118)            (118)
Profit and loss account                                        (5,293)           (5,258)          (5,289)

                                                                   470               505              474




Group Cash Flow

                                                             Unaudited         Unaudited          Audited
                                                            six months        six months        12 months
                                                                 to 31             to 31            to 30
                                                              December          December             June
                                                                  2006              2005             2006
                                                                 #'000             #'000            #'000
Net cash (outflow)/inflow from
operating activities                                              (53)                10              (2)
Returns on investment and
servicing of finance                                                 9                11               21
Taxation                                                             -                 -                -
Capital expenditure and
financial investment                                                 -                 -                -

Cash inflow/(outflow) before                                      (44)                21               19
management of liquid resources
and financing
Financing
Issue of ordinary shares                                             -                 -                -
Decrease in debt                                                     -                 -                -
(Decrease)/increase in cash in
the period                                                        (44)                21               19




Notes to the unaudited interim report for the period ended 31 December 2006

1.   Basis of preparation

The financial information contained in this interim report does not constitute
statutory accounts as defined in section 240 of the Companies Act 1985.

The accounts for the 12 months ended 30 June 2006 have been reported on by the
auditors, Baker Tilly, without qualification and have been delivered to the
Registrar of Companies and did not contain a statement under section 237(2) or
(3) of the Companies Act 1985.

The financial information contained in this interim report has been prepared on
the basis of the accounting policies set out in the Group's statutory accounts
for the period ending 30 June 2006.

2.   Basis of consolidation

The Group's financial information consolidates that of the Company and all its
subsidiary undertakings.

3.   Profit/(loss) per share

The calculation of (loss)/profit per share is based on the (loss)/profit for the
financial period and 283,645,000 (June 2006 283,645,000) ordinary shares, being
the weighted average number of shares in issue during the period.

Since all operations were discontinued, the diluted loss per share and basic
loss per share are calculated on the same basis since under FRS 14 potential
ordinary shares should be treated as dilutive only when their conversion would
impact on continuing operations.

4.   Interim report

Further copies can be obtained from the Company's registered office at 32
Bedford Row, London WC1R 4HE.




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