DHAIS plc
LSE : DHAP

March 31, 2009 02:00 ET

Half-yearly report

DHAIS PLC

Interim results for the six month period ended 31 December 2008

Chairman's statement

It is well documented that the last six months of 2008 constituted a challenging period for most businesses.  I
am  pleased  to  report  that  despite this we have managed to grow total turnover after  acquisitions  by  20%
compared to the six month period to 31 December 2007, like for like sales having increased by 5%.

In  November  2008  we acquired two businesses in the retail health sector, one of which was partly  funded  by
issue  of  shares in DHAIS plc.  After the period end, in March 2009 we completed the acquisition  of  a  third
business from the administrator of a national chain of mobility centres.

DHAIS  has historically operated principally as a freelance marketing company, specialising in generating sales
leads for digital hearing aid retailers, manufacturers and distributors in the United Kingdom.

The  directors  are of the view that by expanding lead generation services into the mobility and  other  health
sectors  and  by entering into the retail sector they can build a significant business and enhance  shareholder
value.   As  a  result  of  the three retail acquisitions, DHAIS plc's subsidiary company  Hearing  Health  and
Mobility Limited now operates 28 shops in hearing and mobility.

During  the  six  month  period  to 31 December 2008 the Group sourced funding of  GBP 1.5  million  to  finance
acquisitions  and provide working capital for growth.  The directors are actively seeking further  acquisitions
in 2009 in hearing, mobility and health sectors.

The  operating profit for the six month period to 31 December 2008 of GBP 132k is lower than that for  the  same
period last year due to margin sacrifice for continuing growth, market conditions and business development.

I  am  confident that 2009 will be an extremely successful year for us as the Group is poised to expand on  all
fronts with the definite aim of being a market leader in hearing, mobility, related advertising and marketing.

Mark Moss
Chairman

31 March 2009

The Directors of the Issuer accept responsibility for this announcement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Amin Kiddy
Director
Tel:  +44 (0) 2920 666888


Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel: +44 (0) 20 7251 3762


Nicholas Nelson
Haggie Financial LLP
Tel: +44 (0) 20 7417 8989



Consolidated group profit and loss account
for the six month period ended 31 December 2008

                                                     6 months to         6 months to        Year to
                                                     31.12.08            31.12.07           30.06.08
                                                     GBP                 GBP                GBP
                                                                                            
 Turnover                                            1,351,682           1,126,702          2,454,155
                                                                                            
 Cost of sales                                        (949,212)           (791,545)        (1,851,193)
                                                                                            
 Gross profit                                          402,470             335,157            602,962
                                                                                            
 Distribution costs                                   (173,086)                  -                 -
                                                                                            
 Administrative expenses                               (97,275)            (17,243)           (31,024)
                                                                                            
 Operating profit                                      132,109             317,914            571,938
                                                                                            
 Flotation costs                                            -                   -             (85,033)
                                                                                            
                                                       132,109             317,914            486,905
                                                                                            
 Interest receivable and similar income                 30,738              12,647             11,415
                                                                                            
                                                       162,847             330,561            498,320
                                                                                            
 Interest payable and similar charges                  (13,138)               (297)            (1,589)
                                                                                            
 Profit on ordinary activities before taxation         149,709             330,264            496,731
                                                                                            
 Tax on profit on ordinary activities                  (49,273)            (98,928)          (171,617)
                                                                                            
 Profit on ordinary activities after taxation          100,436             231,336            325,114
                                                                                            
 Bonus share issue                                           -                   -           (49,900)
                                                                                            
 Profit retained for the period                        100,436             231,336            275,214
                                                                                            
 Retained reserves brought forward                     744,681             469,467            469,467
                                                                                            
 Retained reserves carried forward                     845,117             700,803            744,681
                                                                                            
 Earnings per share                                                                         
 Basic/diluted                                       GBP 0.002           GBP 2,313.36       GBP 0.05

CONTINUING OPERATIONS

Turnover and operating profit derive wholly from continuing operations.

TOTAL RECOGNISED GAINS AND LOSSES

The group has no recognised gains or losses other than the profits or losses above and therefore no separate
statement of total recognised gains or losses has been presented.

Group balance sheet
As at 31 December 2008



                                           31.12.08                   31.12.07                   30.06.08
                                     GBP           GBP           GBP           GBP           GBP           GBP
 Fixed assets                                                                                        
                                                                                                     
 Tangible assets                               181,446                      502                         437
 Intangible assets                           1,553,932                        -                           -
                                                                                                     
                                             1,735,378                      502                         437
                                                                                                     
 Current assets                                                                                      
                                                                                                     
 Stock                           289,745                           -                           -             
 Debtors                         459,259                     836,102                   1,242,315     
 Cash at bank and in hand        969,352                     430,219                     128,594       
                                                                                                     
                               1,718,356                   1,266,321                   1,370,909     
                                                                                                     
 Creditors: amounts falling                                                                          
 due within one year                                                                   
                               (712,407)                   (565,920)                   (565,455)
                                                                                                     
 Net current assets                          1,005,949                   700,401                     805,454
                                                                                                     
 Total assets less current                                                                           
 liabilities                                 2,741,327                   700,903                     805,891
                                                                                                     
 Creditors: amounts falling                                                                          
 due after more than one                                                                             
 year                                        (1,500,000)                       -                           -
                                                                                                     
 Total assets less total                                                                             
 liabilities                                 1,241,327                   700,903                     805,591
                                                                                                     
                                                                                                     
 Capital and reserves                                                                                
                                                                                                     
 Called up share capital                       385,000                       100                      50,000
 Other reserves                                 11,210                         -                      11,210
 Profit and loss account                       845,117                   700,803                     744,681
                                                                                                     
 Shareholders' funds                         1,241,327                   700,903                     805,891



Group cash flow statement
for the six month period ended 31 December 2008 



                                                 6 months to        6 months to              Year to
                                                    31.12.08           31.12.07             30.06.08
                                                         GBP                GBP                  GBP
                                                                                            
 Net cash (outflow)/inflow from operating                                                 
 activities                                          (13,917)          318,964              577,742
                                                                                            
 Returns on investments and servicing of finance                                            
                                                     17,600             12,350                9,826
                                                                                            
 Taxation                                                -                  -              (184,056)
                                                                                           
 Capital expenditure and financial investment      (517,925)             (524)                 (524)
                                                                                            
                                                   (514,242)           330,790               402,988
                                                                                            
 Financing                                         1,355,000          (440,000)             (813,823)
                                                                                            
 Increase/(decrease) in cash in the period           840,758          (109,210)             (410,835)
                                                                                            
 Reconciliation of net cash flow to movement in                                             
 net funds
                                                                                            
 Increase/(decrease) in cash in the period           840,758           (109,210)             (410,835)
                                                                                            
 Change in net funds resulting in cash flows         840,758           (109,210)             (410,835)
                                                                                            
 Movement in net funds in the period                 840,758           (109,210)             (410,835)
                                                                                              
 Net funds at beginning of period                    128,594            539,429               539,429
                                                                                            
 Net funds at end of period                          969,352            430,219               128,594
                                                                                            


Notes to interim group results
for the six month period ended 31 December 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
        management accounts of DHAIS plc and its subsidiary company Hearing Health and Mobility Limited  and
        is  presented  using  the same accounting policies as those used in the statutory  accounts  of  the
        respective  companies.  The accounts for the year ended 30 June 2008 have been  extracted  from  the
        statutory  accounts  filed  with the Registrar of Companies; the report of  the  auditors  on  those
        accounts was unqualified.


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 50,429,486 (31.12.07 - 100) and the earnings after  tax
        was GBP 100,436 (6 month period to 31.12.07 - GBP 231,336).




Contact Information

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