Etaireia Investments Plc

LSE : ETIP


December 28, 2012 09:41 ET

Half Yearly Report

                                         ETAIREIA INVESTMENTS PLC
                                       ("Etaireia" or the "Company")
                                                     
                                           Half- Yearly Results


CHAIRMAN'S STATEMENT
FOR THE PERIOD ENDED 30th SEPTEMBER 2012

I am pleased to report the Company's results for the six months to 30 September 2012.

Financial Overview
There was a loss from continuing operations for the year of £26,233 (2011: £5,752).

Review of Activities
During  the  period  there  have  been no material investments.  The  losses  relate  solely  to
administrative costs incurred.

On  10th July 2012 the Company raised £250,000 through the issue of zero coupon convertible loan
notes.  The  Board  intends to use the capital to evaluate and select investment  opportunities,
which they feel will offer the greatest potential return for Shareholders.

On  10th  July  2012, Priya Shah was appointed to the Board and Louis Yerolemou resigned.  Priya
studied  Economics at Queens' College, University of Cambridge.  After graduating in  2007,  she
has  worked  as  a  trader at a number of financial institutions in London and is  now  pursuing
several business opportunities.

Post-Period Events
The Board continues to actively seek new investment and acquisition opportunities to enhance
shareholder value and the Company hopes to update Shareholders in the near future.

Greg Collier
Executive Director
20th December 2012
          
          
CONSOLIDATED INCOME STATEMENT
          
          
                                                     Period                     Period
                                                         to                         to
                                                 30/09/2012                 30/09/2011
Revenue                                                   -                          -
                                                                                      
Cost of sales                                             -                          -
                                                                                      
Gross Profit                                              -                          -
                                                                                      
Administrative expenses                            (26,233)                    (5,752)
                                                                                      
Loss before tax                                    (26,233)                    (5,752)
                                                                                      
Taxation                                                  -                          -
                                                                                      
Loss for the period                                (26,233)                    (5,752)
                                                                                      
Basic and diluted loss per share (note 1)          (0.0308)                    (0.006)
          


BALANCE SHEET
                                                      As at                        As at
                                                 30/09/2012                   30/09/2011
                                                                         
Current Assets                                                           
                                                                         
Trade and other receivables                               -                        1,640
                                                                         
Prepayments                                           3,344              
                                                                         -
                                                                         
Cash and cash                                       195,182                           25
equivalents
                                                    198,526                        1,665

                                                                         
                                                                         
Current Liabilities                                                      
                                                                         
Trade and other payables                           (24,630)                     (28,756)
                                                                         
                                                                         
Net Current Liabilities                             173,896                     (27,091)
                                                                         
                                                                         
Convertible Loan                                    250,000                            -
                                                                         
Net Liabilities                                    (76,104)                     (27,091)
                                                                         
                                                                         
Equity                                                                   
                                                                         
Issued share capital                                217,036                      217,036
                                                                         
Share premium                                       448,491                      448,491
                                                                         
Reserve acquisition                               1,219,167                    1,219,167
                                                                         
Profit and loss                                 (1,960,798)                    (1911785)
                                                   (76,104)                     (27,091)
                                                                         
Notes to the financial information

1.      The calculation of loss per share is based on the loss on ordinary activities after taxation
and the weighted average number of shares of 85,166,666 in issue during the period.  Due to the loss
incurred in the period under review, the dilutive securities have no effect as at 30 September 2012.

2.      The Interim Results have not been audited and the financial information contained in these
results has not been reviewed by the Company's  auditor.

3.      While the financial information included in this announcement has been computed in accordance with
International Financial Reporting Standards (IFRS), this announcement does not itself contain sufficient
information to comply with IFRS.  The full financial statements of the company will be prepared in
accordance with IFRS, International Accounting Standards and their interpretations issued or adopted by the
International Accounting Standards Board as adopted for use in the European Union.

4.      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 "Act").

5.      The Directors have not declared a dividend for the period.

The Directors of Etaireia Investments plc accept responsibility for this announcement.

                                                 --ENDS--
        
Enquiries:

Etaireia Investments Plc
Greg Collier
Tel: 0783 018 2501

Peterhouse Corporate Finance Ltd
Eran Zucker/Fungai Ndoro
Tel:  0207 469 0934



Contact Information

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