Daily Internet plc
LSE : DAIP

December 30, 2010 06:17 ET

Half year report

Daily Internet PLC
Interim results for the period ended 30 September 2010

The board of Daily PLC are pleased to announce their unaudited interim results for the period
1 April 2010 to 30 September 2010.

Chairman's Statement

Daily  Internet  PLC  has  made excellent progress in the first half of the  current  financial  year,
showing growth in both revenues and gross profit and making further reductions in operating loss. This
growth  has  been  achieved despite difficult markets by continued expansion of our product  portfolio
into  more complex hosting services. Such services provide higher average revenue per customer and  in
addition create additional demand for our existing services such as domain name registration.

During  the  period we have achieved month on month growth in both domain and shared  service  numbers
equating to a total growth rate of 9% for the period 1st April to 30th September 2010.

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 look forward to
maintaining steady growth in the coming period.


Michael Edelson
Chairman






















Daily Internet PLC
------------------
Consolidated Profit and Loss Account for the period to 30th September 2010
--------------------------------------------------------------------------
                                                                                                     
                                                                      Unaudited             Unaudited
                                                                         Period                Period
                                                                   1 April 2010          1 April 2009
                                                                             to                    to
                                                                   30 Sept 2010          30 Sept 2009
                                                                       £ ,000's              £ ,000's
                                                                   ----------------------------------
                                                                                                     
Turnover                                                                    651                   451
                                                                                                     
Cost of sales                                                             (321)                 (221)
                                                                   ----------------------------------

                                                                                                     
                                                                                                     
Gross profit                                                                330                   230
                                                                                                     
Operating expenses                                                        (581)                 (592)
                                                                   ----------------------------------
                                                                                                     
                                                                                                     
Operating loss                                                            (251)                 (362)
                                                                                                     
Interest receivable and similar income                                        -                     1
                                                                                                     
Interest payable and similar charges                                       (12)                  (19)
                                                                   ----------------------------------
                                                                                                     
                                                                                                     
Loss on ordinary activities before taxation                               (263)                 (380)
                                                                                                     
Tax on loss on ordinary activities                                            -                     -
                                                                   ----------------------------------
                                                                                                     
                                                                                                     
Loss for the period                                                       (263)                 (380)
                                                                   ----------------------------------
                                                                   ----------------------------------
                                                                                                     
                                                                                                     
Basic and diluted loss per share                                           0.4p                  0.6p
                                                                   ----------------------------------
                                                                   ----------------------------------
                                                                                           

    
Daily Internet PLC
------------------
Consolidated Balance Sheet at 30th September 2010
-------------------------------------------------
                                                                                                         
                                                                        Unaudited               Unaudited
                                                                     30 September            30 September
                                                                             2010                    2009
                                                                         £ ,000's                £ ,000's
                                                                       ----------------------------------
Fixed assets                                                                                             
Intangible assets                                                              39                      71
Goodwill                                                                      444                     612
Tangible assets                                                               132                     117
                                                                       ----------------------------------
                                                                              615                     800
                                                                       ----------------------------------
Current assets                                                                                           
Debtors                                                                        17                      46
Cash at bank and in hand                                                       48                     238
                                                                       ----------------------------------
                                                                               65                     284
                                                                                                         
Creditors: amounts falling due within one year                              (648)                   (447)
                                                                       ----------------------------------
                                                                                                         
Net current liabilities                                                     (583)                   (163)
                                                                       ----------------------------------

                                                                                                         
Total assets less current liabilities                                          32                     637
                                                                                                         
Creditors: amount falling due after more than one                           (282)                   (261)
year                                                                   ----------------------------------

                                                                                                         
Net assets/(liabilities)                                                    (250)                     376
                                                                       ----------------------------------
                                                                       ----------------------------------
                                                                                              
                                                                                              
Capital and reserves                                                                          
Called up share capital                                                       305                     305
Share Premium                                                               2,599                   2,599
Other Reserves                                                                239                     338
Profit and loss account                                                   (3,393)                 (2,866)
                                                                       ----------------------------------
                                                                                                         
Shareholders' funds                                                         (250)                     376
                                                                       ----------------------------------
                                                                       ----------------------------------
  

Notes to the Financial Statements
    1.  Financial Information
        The interim results for the period to 30th September 2010 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

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