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Devonshire Industries Releases Interim Six-Month Report

Hamilton, Bermuda: 08 December 2005 - The Bermuda Stock Exchange (BSX) today received the following report from Devonshire Industries (DEVON.BH) General Manager, Richard Moulder.

The interim un-audited six-month results for the period ending September 30, 2005 show a revenue position of $1,705,631.  This compares to the six-month ending revenue position for the period September 30, 2004 of $1,531,002, an increase for the period in 2005 over that of the 2004 compared period of $174,629 or 11.41%

Net Income for the six-month period ending September 30, 2005 was $229,439 compared to Net Income for the same six-month period in 2004 of  $248,819 reflecting a decrease in Net Income for the compared period of $20,380, or 8.19%.

Earnings Per Share for the six-month period ending 30 September was $0.52 per share compared to $0.57 for the same period in 2004.

Dividends paid for the six-month period ending September 30 2005 were $0.50 equal to the $0.50 Dividends paid for the six-month period ending September 30, 2004.