Etaireia Investments Plc
LSE : ETIP

December 18, 2015 02:00 ET

Interim Results for the Six Months Ended 30 September 2015

                                         ETAIREIA INVESTMENTS PLC
                                       ("Etaireia" or the "Company")
                                                     
                        Interim Results for the Six Months Ended 30 September 2015
 
 CHAIRMAN'S STATEMENT
 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2015
  
 I  am  pleased to present the interim results for Etaireia Investments PLC for the six months ended
 30 September 2015.
  
 Financial Overview
 
 There was a loss from continuing operations for the period of £81,459 (2014: £210,742).
  
 Review of Activities
 
 I  am  pleased  to  have joined the board during the period, on 22 September  2015,  alongside  Jim
 Kirkwood  who  was  appointed  on  14 May 2015. The new Board is actively  seeking  new  investment
 opportunities  and  we remain confident that we will be able build a strong portfolio  of  property
 assets which will enhance shareholder value.
 
 With  the Board's combined contacts in the property sector, we are confident that we will  also  be
 able  to  attract  new  investors and raise further capital to identify and  conclude  transactions
 which will add value to the Company's current assets.
 
 The  Board  continues  to  liaise closely with all the relevant authorities  with  regards  to  the
 Company's  planning permission for its site at Bridgend Mills in Dalry and we expect to  submit  an
 application for planning permission for 152 residential units once the Company has finalised
 
 
  Baron Bloom
  Chairman
 17th December 2015
  
          
          
 CONSOLIDATED INCOME STATEMENT
          
          
                                                     Period                     Period
                                                 01/04/2015                 01/04/2014
                                                         To                         To
                                                 30/09/2015                 30/09/2014
Revenue                                                   -                          -
                                                                                      
Cost of sales                                             -                          -
                                                                                      
Gross Profit                                              -                          -
                                                                                      
Administrative expenses                            (81,459)                  (210,742)
                                                                                      
Loss before tax                                    (81,459)                  (210,742)
                                                                                      
Taxation                                                  -                          -
                                                                                      
Loss for the period                                (81,459)                  (210,742)
                                                                                      
Basic and diluted loss per share (note 1)         (0.00635)                  (0.01898)
          

BALANCE SHEET
                                                     
                                               30/09/2015                    30/09/2014
                                                                         
Fixed Assets

Freehold land & Property                          2,288,988              
                                                                         1,836,952
                                                                         
Current Assets
                                                                         
Trade and Other receivables                          37,989                        5,315
                                                                         
Prepayments                                           3,250              
                                                                         9,183
                                                                         
Bank and cash                                        80,239                      204,770
                                                  2,410,466                    2,056,220
                                                                         
                                                                         
Current Liabilities                                                      
                                                                         
Trade and other payables                          (173,198)                     (17,730)
                                                                         
                                                                         
Net Current Assets                                2,237,269                    2,038,490
                                                                         
                                                                         
Convertible Loan                                          -                    (116,657)
                                                                         
Net Assets                                        2,237,269                    1,921,833
                                                                         
                                                                         
Equity                                                                   
                                                                         
Issued share capital                                332,661                      315,454
                                                                         
Share premium                                     2,432,463                    2,139,496
                                                     23,080                            -
Other reserve
                                                    101,233                            -
Share option reserve
                                                                         
Reserve acquisition                                 673,096                      575,000
                                                                         
Profit and loss                                 (1,325,264)                  (1,108,117)
                                                  2,237,269                    1,921,833
                                                                         
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 1,282,607,476 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 2015.
               
        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 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").
               
        3.      The Directors have not declared a dividend for the period.
        4.      This statement was approved by the Board of Directors on 17th December 2015.  Copies of this
                statement will be available free of charge from the Company's Registered Office at 2nd Floor, Cambridge
                House, Cambridge Road, Harlow Mill, Essex, CM20 2EQ.
               
    
    
 The Directors of the Company accept responsibility for the content of this announcement.


                                                 --ENDS--
                                                     
Enquiries:

Etaireia Investments Plc
Tel:  078 3018 2501
Greg Collier



Peterhouse Corporate Finance Limited
Tel:  020 7469 0934
Fungai Ndoro




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