Conduco Plc
LSE : SIDP

December 31, 2010 06:08 ET

Half year report

                                                CONDUCO PLC
                                                     
                                         UNAUDITED INTERIM RESULTS
                             FOR THE 6 MONTH PERIOD ENDING 30th SEPTEMBER 2010

Chairman's Statement

The Board of Conduco PLC ("Conduco" or "the Company"), the software development company that specialises in
Identity  Management Solutions, announces its interim unaudited results for the six-month  period  to  30th
September 2010.

The  Company  has  had  a  tough trading year, highlighted by the Company's inability  to  secure  any  new
contracts  during  this  period.  As announced on 27 August 2010, the board  are  currently  undertaking  a
strategic  review of the business in light of the current economic climate and the Company's  inability  to
make new sales, which will be completed in early January 2011 and shareholders will be updated accordingly.

The Directors of the Issuer accept responsibility for this announcement.



Conduco PLC                                                      Tel: 0161 227 1000
Scott Fletcher, Chairman

Rivington Street Corporate Finance                               Tel: 0207 562 3393
Heena Karani
Heena.karani@rs-cf.com



Interim results for the six month period to September 2010
Unaudited Profit and Loss Account
                                                                   
                                                                   6 months to        6 months to
                                                                   Sept 2010          Sept 2009
                                                                   £                  £

Turnover                                                           142,151            169,820
Cost of sales                                                      1,340              4,176
                                                                   -------            -------
Gross profit                                                       140,811            165,644 

Administrative expenses                                            179,470            258,876
                                                                   ------             -------
Operating loss                                                     (38,659)           (93,232)

Interest receivable and similar income                             5,889              6,987
                                                                   -------            -------
Loss on ordinary activities before taxation                        (32,770)           (86,245)

Tax on profit on ordinary activities                               -                  -
                                                                   -------            -------
Loss for the period                                                (32,770)           (86,245)
                                                                   =======            =======

Earnings per ordinary share                                        N/A                N/A
Diluted earnings per ordinary share                                N/A                N/A


UNAUDITED BALANCE SHEET
30TH SEPTEMBER 2010

                                                                   2010               2009
                                                                   £                  £

Tangible Fixed Assets                                              3,226              10,998

Investments                                                        250,689            -

Current Assets                                                     750,856            1,096,866

Current Liabilities                                                (261,810)          (254,164)

                                                                   ---------          ---------
Total assets less current liabilities                              742,961            853,700
                                                                   =========          =========

Called up share capital                                            125,000            125,000

Reserves                                                           617,961            728,700
                                                                   ---------          ---------
Shareholders'funds                                                 742,961            853,700
                                                                   =========          =========

NOTES TO THE FINANCIAL INFORMATION

The figures have not been audited or reviewed. The financial statement does not constitute statutory
accounts within the meaning of Section 240 of the Companies Act 1985 (the "Act").


ENDS

Contact Information

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