Mollyroe Plc - Interim financial information for the six-month period ended 30[th] June 2024

Mollyroe Plc - Interim financial information for the six-month period ended 30[th] June 2024

PR Newswire

LONDON, United Kingdom, September 20

Mollyroe plc
("Mollyroe" or the "Company")

Interim financial information for the six-month period ended 30^thJune 2024

Chairman's Statement

We are pleased that the new investment strategy of the Company was approved by a General Meeting earlier in the year and we shall seek to implement this strategy as opportunities and market conditions allow.

We are also pleased to have amended the articles of the Company to enable electronic communications with shareholders, a step forward in cost savings and efficiency.

Following a sub-division of the Company's ordinary shares during the period, from a par value of £0.20 per ordinary share into £0.0001 ordinary shares and, a subsequent issue of 861,740 new £0.0001 ordinary shares, the number of ordinary shares in issue, on a post share consolidation basis, at the period end was 40,275,480 (31 December 2023: 1,970,688 ordinary shares of £0.20). We are working with our registrars to issue new share certificates in the near term.

Your board continue to reduce other overheads wherever possible whilst we seek opportunities to invest the limited amount of capital and review the opportunities now available to the Company.

N Lyons Chairman

18^thSeptember 2024

The Directors of the Company accept responsibility for the contents of this announcement.

Enquiries

Company

Paul Ryan - Executive Director

[e-mail]

Peterhouse Capital Limited

Financial Adviser and Corporate Broker

+ 44 (0) 20 7469 0930

Consolidated Statement of Comprehensive Income

for the period from 1^stJanuary 2024 to 30^th June 2024

	Interim	Interim	Year ended
	30 Jun 24	30 Jun 23	31 Dec 23
	(Unaudited)	(Unaudited)	(Audited)
Turnover	£-	£-	£-
Grossprofit	-	-	-
Administrative expenses	(46,250)	(25,021)	(72,882)
Operatingloss	(46,250)	(25,021)	(72,882)
Interest receivable	2,301	1,707	4,099
Lossonordinary activitiesbeforetaxation	(43,949)	(23,314)	(68,783)
Taxation	-	-	-
Lossonordinaryactivitiesaftertaxation	(43,949)	(22,314)	(68,783)
Earningspershare	(0.30)	(1.18)	(3.49)
Averagenumberofordinarysharesin issue	14,738,959	1,970,688	1,970,688

Consolidated Statement of Financial Position

at 30^th June 2024

	Interim 30 Jun 24(Unaudited)	Interim 30 Jun 23(Unaudited)	Year ended 31 Dec 23(Audited)
Fixedassets	£	£	£
Tangible assets	-	-	-
CurrentassetsDebtors	7,520	6,101	7,578
Cash at bank and in hand	312,359	376,326	335,550
	319,879	382,427	343,128
Creditors: amounts falling due within one year	(52,402)	(36,778)	(42,948)
Netcurrentassets	267,477	345,649	300,180
Totalassetslesscurrentliabilities	267,477	345,649	300,180
Creditors: amounts falling due after more than one year	-	-	-
	267,477	345,649	300,180
CapitalandreservesCalled up share capital	427,478	418,861	418,861
Share premium	6,102	3,473	3,473
Profit and loss account	(166,103)	(76,685)	(122,154)
Shareholders'funds	267,477	345,649	300,180

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