Daily Internet plc
LSE : DAIP

December 30, 2009 02:00 ET

Half year report

Daily Internet PLC
Interim results for the period ended 30 September 2009

The board of Daily PLC are pleased to announce their unaudited interim results for the period
1 April 2009 to 30 September 2009.

Chairman's Statement

Despite the difficulties in the UK economy due to the recession and banking crisis, we are pleased  to
announce improving financial performance during the first half of the current financial year.

We  have  continued  to expand our product portfolio having launched several new services  during  the
period,  as  we  strive  to extend our reach into more complex hosting services.  Such  services  will
provide higher average revenue per customer in addition to creating additional demand for our existing
services such as domain name registration. During the period we have also achieved improving retention
rates across our broad range of products.  This in turn has driven continued month on month growth  in
domain and shared service numbers equating to a growth rate of 19% for the period 31 March 2009 to  30
September 2009.

We have continued to make improvements in operational efficiency, resulting in an Operating Loss,
which is significantly ahead of budget, for the six month period to 30 September 2009 of £362,000
compared to £469,000 for the same period last year.

Over  the  coming period we aim to continually develop and source new services to augment the existing
range and will continue to place emphasis on delivering an exemplary level of customer service with an
approachable  and  personal  feel,  thereby driving a high level of customer  acquisition  and  strong
customer loyalty.

I  take this opportunity to thank all our shareholders for their continued support and to look forward
on behalf of the management team to continued steady growth in the coming period.


Michael Edelson
Chairman





Daily Internet PLC
Consolidated Profit and Loss Account for the period to 30th September 2009

                                                        Unaudited         Unaudited               
                                                           Period            Period         
                                                     1 April 2009      1 April 2008               Audited
                                                               to                to               Year to
                                                     30 Sept 2009      30 Sept 2008         31 March 2009
                                                         £ ,000's          £ ,000's              £ ,000's
                                                 ----------------------------------------------------------
                                                                                                         
Turnover                                                      451               413                   801
                                                                                                         
Cost of sales                                               (221)             (198)                 (370)
                                                 ----------------------------------------------------------
                                                                                                         
                                                                                                         
Gross profit                                                  230               215                   431
                                                                                                         
Operating expenses                                          (592)             (684)               (1,276)
                                                 ----------------------------------------------------------
                                                                                                         
                                                                                                         
Operating loss                                              (362)             (469)                 (845)
                                                                                                         
Interest receivable and similar income                          1                 -                     2
                                                                                                         
Interest payable and similar charges                         (19)              (12)                  (31)
                                                 ----------------------------------------------------------
                                                                                                         
                                                                                                         
Loss on ordinary activities before taxation                 (380)             (481)                 (874)
                                                                                                         
Tax on loss on ordinary activities                              -                 -                    20
                                                 ----------------------------------------------------------
                                                                                                         
                                                                                                         
Loss for the period                                         (380)             (481)                 (854)
                                                 ----------------------------------------------------------
                                                 ----------------------------------------------------------
                                                                                                         
                                                                                                         
Basic and diluted loss per share                            £0.01             £0.01                 £0.02
                                                 ----------------------------------------------------------
                                                 ----------------------------------------------------------
                                                                                               

    
Daily Internet PLC
Consolidated Balance Sheet at 30th September 2009
                                                                
                                                                Unaudited             Unaudited              Audited
                                                             30 September          30 September             31 March
                                                                     2009                  2008                 2009
                                                                 £ ,000's              £ ,000's             £ ,000's
                                                         ------------------------------------------------------------
Fixed assets                                                                                                        
Intangible assets                                                      71                    86                   71
Goodwill                                                              612                   281                  699
Tangible assets                                                       117                   167                  132
                                                         ------------------------------------------------------------
                                                                      800                   534                  902
                                                         ------------------------------------------------------------
Current assets                                                                                                      
Debtors                                                                46                    37                   42
Cash at bank and in hand                                              238                     -                  747
                                                         ------------------------------------------------------------
                                                                      284                    37                  789
                                                                                                                    
Creditors: amounts falling due within one year                      (447)                 (496)                (666)
                                                         ------------------------------------------------------------
                                                                                                                    
Net current liabilities                                             (163)                 (459)                (123)
                                                         ------------------------------------------------------------

                                                                                                                    
Total assets less current liabilities                                 637                    75                1,025
                                                                                                                    
Creditors: amount falling due after more than                       
one year                                                            (261)                 (264)                (261)
                                                         ------------------------------------------------------------
                                                                                                                    
Net assets/(liabilities)                                              376                 (189)                  764
                                                         ------------------------------------------------------------
                                                         ------------------------------------------------------------
                                                                                                          
                                                                                                          
Capital and reserves                                                                                      
Called up share capital                                               305                   173                  305
Share Premium                                                       2,599                 1,525                2,607
Other Reserves                                                        338                   226                  338
Profit and loss account                                           (2,866)               (2,113)              (2,486)
                                                         ------------------------------------------------------------
                                                                                                                    
Shareholders' funds                                                   376                 (189)                  764
                                                         ------------------------------------------------------------
                                                         ------------------------------------------------------------
  

Notes to the Financial Statements
    1.  Financial Information
        The interim results for the period to 30th September 2009 have not been reviewed by the
        company auditors.
    2.  Responsibility
        The directors accept responsibility for the information contained in these financial
        statements. To the best of their knowledge and belief, the information is in accordance with
        the facts and does not omit anything likely to have a material affect on such information.

Contact Information

  • Daily Internet plc