Aquarius Media plc
LSE : AQMP

December 19, 2008 06:03 ET

Interim results for the period ended 30 September 2008

                                                   
                                          AQUARIUS MEDIA PLC
                                     ('Aquarius' or 'the Company')

                        INTERIM RESULTS FOR THE PERIOD ENDED 30 SEPTEMBER 2008
                                                   
Business highlights in the period:

    -   Continued progress in signing new clients onto monthly retainers.


Post balance sheet events:

    -       Four additional monthly contracts signed with a net value to Full Portion Media Limited of
        £10,000 per month.


CHAIRMAN'S STATEMENT

I am pleased to be able to make this report to you as Chairman of the Company and of the Group.

Review of Activities
The  Company's  business activities are conducted through its trading subsidiary, Full  Portion  Media
Limited ("Full Portion").
Full  Portion  is  a  public relations business which aims to create, launch and  sustain  clients  in
prominent  positions  within  the  media.  Full Portion takes  a  very  hands-on  approach  to  public
relations,  organising day events, promotion sales and launches, press conferences,  media  interviews
and  reviews.  It also provides guidance to clients on managing media interest.  These services depend
on Full Portion employing and continuing to employ high quality staff who are committed to maintaining
good working  relationships with both clients and media contacts.

Full  Portion's strategy is to expand its client base and exploit the rapidly escalating interest from
the public in the cult of celebrity.

On  19  August  2008,  Aroon Maharajh, the Chief Executive of the Company, unexpectedly  passed  away.
Consequently,  the  Final Results Announcement for the period to 31 March 2008 was delayed,  with  the
approval  of  PLUS Markets, to allow the Board to determine the effect on the Company of  this  tragic
event and to allow the Board time to assess the options for the Company going forward.

As  reported in the Final Results Announcement, Teresa Maharajh, formerly Operations Director, remains
fully  committed to driving the business forward and was appointed as the new Chief Executive  of  the
Company in September 2008.  The Board is pleased to note that, to date, Full Portion has continued  to
receive strong support from its staff, customers and associates and wishes to thank them for this  and
their continued efforts during this difficult period.

The  first six months of the trading year have seen the Company continue the progress made towards the
end  of the prior financial period to 31 March 2008.  Full Portion has continued to attract new public
relations clients across a variety of sectors and is securing new proposals for prospective clients on
a  weekly basis.  Enquiries come from a number of sources and are generated through both internal  and
external sources.

Full Portion has also conducted an extensive review of its operational costs and has been able to make
significant reductions whilst maintaining the quality of its service to clients.

As  a  result,  the  Company was able to report its first monthly profit during the six  months  under
review  and the Board are confident that the performance over this period can be maintained  over  the
remainder of the reporting year.

The  Board is fully responsive to the current economic climate and is focused on maximising the number
of clients on the Company's books in order to minimise the effect of any clients choosing to end their
relationship with Full Portion.

Financial overview
As  at 30 September 2008, shareholders' funds were £638,954 and cash balances were £16,806.  The  loss
before  tax  and basic loss per share for the period amounted to £58,402 and 0.07p respectively.   The
Directors do not propose to declare a dividend (2007 - £Nil).

Outlook
The  Directors wish to thank the staff of Full Portion for their extraordinary efforts during what has
been  a difficult period and are confident that the Company's progress can be continued over the  next
reporting period.  The Directors will continue to seek further opportunities to enhance the  value  of
the business through strategic acquisitions and/or mergers.


Dominic Turnbull
Chairman



CONSOLIDATED INCOME STATEMENT
For The Period Ended 30 September 2008

                                                        Period           Period            Period
                                                      01.04.08 to      01.02.07 to      01.02.07 to
                                                       30.09.08         31.07.07          31.03.08
                                                       6 months         6 months         14 months
                                                       Unaudited        Unaudited         Audited
                                                          GBP              GBP              GBP
                                                                                       
REVENUE                                                 321,804           220,470         463,207
                                                                                       
Cost of sales                                           (68,002)          (72,890)         (86,145)
                                                       _________         _________        _________
                                                                                         
GROSS PROFIT                                            253,802           147,580          377,062
                                                                                       
Administrative expenses                                (312,254)          (281,523)       (766,298)
Share-based payments                                          -                 -         (120,500)
                                                       _________         _________        _________
                                                                                           
LOSS FROM OPERATIONS                                    (58,452)          (133,943)       (509,736)
                                                                                       
Finance revenue                                              50                 101            686
Finance charges                                               -             (4,322)         (4,322)
                                                       _________          _________       _________
                                                                                       
LOSS BEFORE TAX                                         (58,402)          (138,164)       (513,372)
                                                                                       
Taxation                                                      -                  -               -
                                                       _________          _________       _________
                                                                                       
LOSS FOR THE PERIOD                                     (58,402)          (138,164)       (513,372)
                                                       _________          _________       _________
                                                                                       
Basic and diluted loss per share (note 1)                (0.07)p            (0.29)p         (0.89)p


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 31 March 2008.

2.      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.

3.      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 240 of the Companies Act 1985 (the "Act").

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

5.      This  statement  was approved by the Board of Directors on 18 December 2008.  Copies  of  this
        statement will be available free of charge from the Company's Registered Office at Hilden Park House,
        79 Tonbridge Road, Hildenborough, Kent  TN11 9BH.


AQUARIUS MEDIA PLC
Registered No. 06138814

The directors of Aquarius Media plc accept responsibility for this announcement.

Contacts:

Company                                     
Dominic Turnbull                                   07132 836180
                                                               
PLUS Corporate Adviser                                         
Gary Miller                                                    
Fisher Corporate plc                              020 7388 7000

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