Etaireia Investments Plc
LSE : ETIP

December 20, 2011 09:48 ET

Half year report

                                         Etaireia Investments Plc
                                       ("Etaireia" or the "Company")
                                                     
                                                     
                                            Half-Yearly Report
                                                     


Chairman's Statement

The  Board is pleased to present the interim results of Etaireia Investments Plc for the period ended  30th
September 2011.



As  at  30th  September 2011 and after impairment provisions totalling zero (2010 - £12,509), Shareholders'
liabilities  were £27,091 (2010 - £170,745). The loss before tax for the period amounted to  £5,752  (2010-
£48,377)  and  the basic loss per share was 0.006p (2010 - 0.07p loss).  The Directors do  not  propose  to
declare a dividend for the period (2010 - £Nil).



During the period, the Company issued 30,900,000 ordinary shares of 0.01p at a price of 0.5p and 10,294,118
ordinary  shares  of  0.01p  at a price of 0.085p. The shares were issued in lieu  of  debts  amounting  to
approximately GBP163,000.



The  Company  also  obtained  Shareholder approval and processed the change of  the  Company's   name  from
"Aquarius Media Plc" to "Etaireia Investments Plc".



During  the period under review the Company has maintained a non-trading position and the Board are seeking
alternative strategies.



Post Balance Sheet Events

There have been no material changes to the status of the Company since 30th September 2011.

The  Board are actively pursuing alternative strategies and hope to be able to make an announcement  as  to
the future direction of the Company shortly.

Greg Collier
Executive Director

CONSOLIDATED INCOME STATEMENT

For The Period Ended 30 September 2011



                                    Period                               Period
                                    01.04.11 to 30.09.11                 01.04.10 to 30.09.10
                                    6 months                             6 months
                                    Unaudited (£)                        Unaudited (£)
REVENUE                             -                                      80,681
Cost of Sales                       -                                      (2,083)
GROSS PROFIT                        -                                       78,598
Administrative Expenses             (5,752)                              (111,319)
Impairment Provisions               -                                     (12,509)
LOSS FROM OPERATIONS                (5,752)                               (45,230)
Finance Revenue                     -                                           -
Finance Charges                     -                                      (3,147)
LOSS BEFORE TAX                     (5,752)                               (48,377)
Taxation                            -                                           -
LOSS FOR THE PERIOD                 (5,752)                                 8,377)
Basic and diluted loss per share    0.006p                                   0.07p



BALANCE SHEET

As at 30 September 2011

                                    At 30.09.11                          At 30.09.10
                                    Unaudited (£)                        Unaudited (£)
Non-current Assets                             -                                  -
Intangible Fixed Assets                        -                                  -
Financial Assets                               -                                  -
Current Assets                                                           
Trade and Other Receivables                1,640                               1,365
Cash and Cash Equivalents                     25                               1,821
                                           1,665                               3,186
Current Liabilities                                                      
Trade and Other Payables                 (28,756)                          (173,731)
Net Current Liabilities                  (27,091)                          (170,745)
NET LIABILITIES                          (27,091)                          (170,745)
EQUITY                                                                   
Issued Share Capital                     217,036                             212,917
Share Premium Account                    448,491                             289,360
Merger Reserve                                 -                           1,219,167
Reverse Acquisition Reserve            1,219,167                                   -
Profit and Loss Account               (1,911,785)                        (1,819,989)
SHAREHOLDER LIABILITIES                  (27,091)                          (170,745)


The financial information has not been audited or reviewed by the auditors, or extracted from
audited information.  This financial statement does not constitute statutory accounts within the
meaning of Section 435 of the Companies Act 2006.



The Directors of the Issuer accept responsibility for this announcement.

                                                     
                                                     
                                                 --ENDS--
                                                     
 ETAIREIA INVESTMENTS PLC
Greg Collier
+44 78 3018 2501

RIVINGTON STREET CORPORATE FINANCE
Eran Zucker
+44 207 562 3373
Eran@rs-cf.com














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