News Column

Unaudited Interim Results

August 4, 2014

5 August 2014 TITANIA INTERNET VENTURES PLC ("Titania" or "the Company") Unaudited Interim Results for the six month period ended 31 December 2013 Director's Statement Titania Internet Ventures Plc today announces its unaudited Interim Results for the period 1 July 2013 to 31 December 2013. The Interim Results for the six months to 31 December 2013 showed a loss of GBP 42,883 compared with a loss of GBP 157,835 over the same period in 2012. During the period from 1 July 2013 to 31 December 2013, Titania raised total of GBP 25,000 by way of a placing of 25,000,000 new ordinary shares of 0.1p each. Proceeds of the placing were applied towards working capital. The Board is currently undertaking initiatives to strengthen its balance sheet and as such, will continue to operate on a limited 'care and maintenance' basis. In addition the Board is also in the process of reviewing the future strategy of the Company, with a view to maximize Shareholders' value. Pasi Marjanen Director On behalf of the Board TITANIA INTERNET VENTURES PLC UNAUDITED RESULTS FOR THE 6 MONTHS TO 31 DECEMBER 2013 PROFIT & LOSS ACCOUNT 6 MONTHS TO 6 MONTHS TO 31 December 31 December 2013 2012 Turnover - 120,950 Cost of sales - (102,561) ----------- ----------- Gross profit - 18,389 Administration costs (42,884) (176,231) ----------- ----------- OPERATING (LOSS) (42,884) (157,842) Finance income 1 7 ----------- ----------- (LOSS) BEFORE TAXATION (42,883) (157,835) Taxation - - ----------- ----------- (LOSS) FOR THE PERIOD (42,883) (157,835) ----------- ----------- Basic loss per share (0.04p) (0.22p) Diluted loss per share (0.04p) (0.20p) ----------- ----------- BALANCE SHEET AS AT 31 DECEMBER 2013 31 December 31 December 2013 2013 FIXED ASSETS Tangible assets - 6,736 ----------- ----------- - 6,736 ----------- ----------- CURRENT ASSETS Debtors & prepayments 1,721 12,653 Cash at bank 1,963 35,865 ----------- ----------- Total current assets 3,684 48,518 CURRENT LIABILITIES Creditors: amounts falling due within one year (45,476) (15,505) ----------- ----------- Net current (liabilities)/ assets (41,792) 33,013 ----------- ----------- OTHER LIABILITIES - - Net (liabilities)/ assets (41,792) 39,749 =========== =========== CAPITAL & RESERVES Share capital 979,265 954,265 Share premium 1,406,359 1,406,359 ----------- ----------- Total share capital 2,385,624 2,360,624 Other reserves - 7,410 Profit & loss current period (2,427,416) (2,328,285) ----------- ----------- TOTAL SHAREHOLDERS' FUNDS (41,792) 39,749 =========== =========== Notes 1. The financial information for the period ended 31 December 2013 has not been audited and does not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006. 2. The information in this announcement has not been reviewed by the Company's auditor. 3. Basic loss per share figures are calculated using the weighted average of shares in issue in the period ended 31 December 2013, which was 98,296,293 (period from 1 July 2012 to 31 December 2012: 73,023,920). Diluted loss per share figures are calculated using the weighted average of shares in issue in the period ended 31 December 2013, which was 98,296,293 (period from 1 July 2012 to 31 December 2012: 73,023,920). 4. There have not been any changes in accounting policies which affect the validity of the comparison of the financial information presented for the six months to 31 December 2013 versus the comparative financial information presented for the six months to 31 December 2012. 5. No interim dividend is to be paid in relation to the six months to 31 December 2013. No interim dividend was paid in relation to the six months to 31 December 2012. The Directors of the Company accept responsibility for this announcement. --ENDS-- Enquiries: TITANIA INTERNET VENTURES PLC Pasi Marjanen Tel: +357 22 030470 pasi.marjanen@titaniaplc.comSVS Securities plc - ISDX Corporate Adviser Kulvir Virk Tel: +44 (0)203 700 0100 kulvir.virk@svssecurities.comTitania Internet Ventures plc


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Source: Marketwire (UK Regulatory)


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