DHAIS plc
LSE : DHAP

September 30, 2008 11:33 ET

Final Results Year to 30 June 2008

DHAIS PLC
RESULTS FOR THE YEAR ENDED 30 JUNE 2008

Chairman's statement

I  am  pleased to report a robust year for the company with turnover increasing by 14% from last
year.  Increased competition, market conditions and new business development has led to a slight
drop in gross profit from GBP0.635m to GBP0.602m.

Net  profit  before tax and exceptional listing costs amounted to GBP581k this year compared  to
GBP610k achieved last year (before exceptional profit on sale of investment).

Since  the year end the company has successfully commenced operating a new division called MAIS,
Mobility  Aids Information Service.  This new division generates leads form national advertising
which are sold to dealers and mobility centres throughout the United Kingdom.

Plans are in place to diversify the company's activities by advertising and generating leads for
other sectors including cosmetic surgery.

The  board  of  directors  is actively considering acquisitions in the hearing  aid  and  health
sectors with a view to creating capital value and synergies.



Mark Moss
Chairman
29th September 2008


The Directors of the Issuer accept responsibility for this announcement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Amin Kiddy
A Kiddy Management Consultants
Tel:  +44 (0) 2920 666888

Nick Michaels
Alfred Henry Corporate Finance Limited
Tel:  +44 (0) 20 7251 3762


DHAIS PLC
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2008

                                                                      2008                      2007
                                                                      GBP                       GBP

TURNOVER                                                            2,454,155                  2,154,974

Cost of sales                                                       1,851,193                  1,519,677
                                                                    ---------                  ---------
GROSS PROFIT                                                          602,962                    635,297

Administrative expenses                                                31,024                     33,416
                                                                    ---------                  ---------
OPERATING PROFIT                                                      571,938                    601,881

Flotation costs                                                      (85,033)                          -

Profit on sale of investment                                                -                    356,932
                                                                    ---------                  ---------
                                                                      486,905                    958,813

Interest receivable and similar income                                 11,415                      8,161
                                                                    ---------                  ---------

                                                                      498,320                    966,974

Interest payable and similar charges                                    1,589                         47
                                                                    ---------                  ---------

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION                                                       496,731                    966,927

Tax on profit on ordinary activities                                  171,617                    184,052
                                                                    ---------                  ---------

PROFIT ON ORDINARY ACTIVITIES
AFTER TAXATION                                                        325,114                    782,875

Share buy back                                                              -                  (100,000)
                                                                    ---------                  ---------

PROFIT FOR THE FINANCIAL YEAR                                         325,114                    682,875
                                                                    =========                  =========

EARNINGS PER SHARE
Basic/diluted                                                       GBP 0.05                   GBP 7,828
                                                                    ========                   =========

CONTINUING OPERATIONS
None of the company's activities were acquired or discontinued during the current year or previous year.

TOTAL RECOGNISED GAINS AND LOSSES
The  company  has no recognised gains or losses other than the profits for the current year  or  previous
year.


BALANCE SHEET
30 JUNE 2008
          
                                                                 2008                       2007
                                                         GBP           GBP            GBP           GBP
FIXED ASSETS
Tangible assets                                                          437             -

CURRENT ASSETS
Debtors                                             1,242,315                      428,236

Cash at bank and in hand                              128,594                      539,429
                                                    ---------                    ---------
                                                    1,370,909                      967,665
CREDITORS
Amounts falling due within one year                   565,455                      498,098
                                                    ---------                    ---------
NET CURRENT ASSETS                                                    805,454                   469,567
                                                                    ---------                 ---------
TOTAL ASSETS LESS CURRENT
LIABILITIES                                                           805,891                   469,567
                                                                    =========                 =========
CAPITAL AND RESERVES
Called up share capital                                                50,000                       100
Other reserves                                                         11,210                         -
Profit and loss account                                               744,681                   469,467
                                                                    ---------                 ---------
SHAREHOLDERS' FUNDS                                                   805,891                   469,567
                                                                    =========                 =========




CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2008

                                                                         2008                     2007
                                                                          GBP                      GBP
Net cash inflow
from operating activities                                             577,742                  663,255

Returns on investments and
servicing of finance                                                    9,826                  385,046

Taxation                                                            (184,056)                 (58,524)

Capital expenditure
and financial investment                                                (524)                        -

Equity dividends paid                                                       -                (560,000)
                                                                    ---------                ---------
                                                                      402,988                  429,777

Financing                                                           (813,823)                (100,000)
                                                                    ---------                ---------
(Decrease)/Increase in cash in the period                           (410,835)                  329,777

Reconciliation of net cash flow to movement in net funds

(Decrease)/Increase in cash in the period                           (410,835)                  329,777
                                                                    ---------                ---------
Change in net funds resulting
from cash flows                                                     (410,835)                  329,777
                                                                    ---------                ---------
Movement in net funds in the period                                 (410,835)                  329,777

Net funds at 1 July                                                   539,429                  209,652
                                                                    ---------                ---------
Net funds at 30 June                                                  128,594                  539,429
                                                                    =========                =========


NOTES TO PRELIMINARY RESULTS
FOR THE YEAR ENDED 30 JUNE 2008

1.      The financial information set out above does not constitute statutory accounts for the purpose  of
Section  240 of the Companies Act 1985.   The financial information has been extracted from the  statutory
accounts  of DHAIS Plc and is presented using the same accounting policies, which have not yet been  filed
with  the  Registrar of companies, but on which the auditors gave an unqualified report  on  29  September
2008.

2.     Earnings per share
Basic  earnings per share is calculated by dividing the earnings attributable to ordinary shareholders  by
the  weighted average number of ordinary shares during the period. The weighted average number  of  equity
shares  in  issue  was  6,250,087 (2007 - 100) and the earnings after tax was  GBP  325,114  (2007  -  GBP
782,875).

Contact Information

  • DHAIS plc