After shrinkfile you will have to do a SQL service restart or if you do not want to restart SQL service, then you can dettach and re-attach the db, to get the new shrunk size in effect. Till then you would be seeing the same size for the MDF/LDF file, whichever you shrink
You may want to take a look at this thread, which I originated with something similar to this, and also posted what I did to get that resolved and free up some HDD space.
Shrink Log without SQL service restart.
Hope that helps.
Cheers!
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- Vijay G

Strive for Perfection
