(11) INTERIM REPORT JANUARY 1 MARCH 31, 2003 A POSITIVE TURN IN THE RESULT DEVELOPMENT OF THE OKMETIC GROUP

Size: px
Start display at page:

Download "7.5.2003 1 (11) INTERIM REPORT JANUARY 1 MARCH 31, 2003 A POSITIVE TURN IN THE RESULT DEVELOPMENT OF THE OKMETIC GROUP"

Transcription

1 (11) INTERIM REPORT JANUARY 1 MARCH 31, 2003 A POSITIVE TURN IN THE RESULT DEVELOPMENT OF THE OKMETIC GROUP The Group s net sales for three months totalled 13.4 million euro (1Q2002: 14.9 million euro). The operating loss was -1.4 million euro (-1.0 million euro). In any case, the operating loss decreased considerably in comparison to the last quarter of the year 2002 when the net sales were at the level of the period under review, but the operating loss was -3.9 million euro. The competion continued to be tense. INTERIM REPORT IN BRIEF The demand for silicon wafers started to improve slowly at the end of 2002, and the trend continued during the period under review. The industry's price level decreased. The order book of the Okmetic Group increased. The net sales for the period under review amounted to 13.4 million euro (14.9 million euro), which means that it was at the level of the last quarter of 2002 as expected. The operating loss was -1.4 million euro (-1.0 million euro). Profitability, nevertheless, increased significantly in comparison to the previous quarter. The equity ratio of the Group was 57.3% at the end of the period under review (65.1%). Projections for the near future are uncertain. However, the net sales of the Group are expected to increase and the unprofitable result to improve towards the end of the year. The Annual General Meeting that was held on 27th March 2003 confirmed the Financial Statements of both Okmetic Oyj and the Group. No dividends shall be distributed for The Annual General Meeting decided, in accordance with the proposal of the Board of Directors, to authorise the Board to increase the share capital. MARKET SITUATION The market situation in the semiconductor industry remained challenging during the first quarter. The events and news that contributed to the uncertainty of the global markets were clearly reflected in the semiconductor industry and the demand that had been increasing since the previous year, turned back towards decline. The global sales of semiconductor components between January and March remained 3.2% lower than those of the last quarter of the previous year (SIA, Semiconductor Industry Association). Compared to the first quarter of the previous year, invoicing for the semiconductor industry increased by 13%. Despite the decrease in semiconductor sales, the volume of silicon wafer sales in the first quarter increased by 3.7% in comparison to the corresponding figure of the last quarter of the previous year. The majority of growth originated from the types of wafers that are used in high-volume products (SEMI, Semiconductor Equipment and Materials International). The market share of Okmetic remained strong in its chosen strategic market areas.

2 (11) NET SALES The net sales of the Okmetic Group remained at the expected level, i.e million euro (14.9 million euro). The price level of Okmetic s products decreased in comparison to the previous year, in accordance with the decrease in the industry price level. Sales by product groups developed in accordance with the strategy of the company and the market share of special products (MEMS, POWER) increased. 1Q2003 (average 2002) ICprime 39% (47%) MEMS 29% (25%) POWER 32% (28%) The order book of the Group increased during the period under review. RESULT The operating loss of the Group was -1.4 million euro (-1.0 million euro). The operating loss was 10.5% of net sales (6.9%). The slightly better result of the previous year was a consequence of the good market situation of the spring Towards the end of the year the market situation changed to worse. Nevertheless, the result development of Okmetic took a positive turn in the first quarter of The operating loss decreased significantly in comparison to the last quarter of 2002, when the net sales were at the level of the period under review, but the operating loss was million euro, 30% of the net sales. All plants achieved better results in accordance with the objectives. The positive development is a result of the increase in the deliveries concerning special product groups as well as the decreases in number of personnel and material expenses. FINANCING AND EQUITY RATIO The financing situation of the Group remained sound. Cash flow from operating activities was 0.1 million euro for the period under review. The cash flow of the quarter was primarily weakened by the increase in sales receivables that exceeded the decrease in inventories, which took place at the end of the period. Liquid assets amounted to 3.4 million euro at the end of March. The dollardenominated currency forward agreements that are in place to hedge sales are spread for the term of a little over one year. The equity ratio of the Group was 57.3% at the end of March and shareholder s equity per share was 4.50 euro. PRODUCT DEVELOPMENT, INVESTMENTS AND DEVELOPMENT PROGRAMME The Group continued to concentrate strongly on the development of new products. Investments on product development activities contributed to a 6.2% (6.8%) share of net sales. The most important products from the point of view of product development are currently the SiC- (silicon carbide) and SOI-products.

3 (11) The extensive investment programme that contributed to the diversification and increase in production capacity was completed in The 0.8 million euro of investments for the period under review are a consequence of the final stages of the programme. A development programme aiming to expand the customer base and to intensify marketing was launched in the Group. The programme will also contribute to the improvement of productivity and the increase of flexibility in operating processes and organisation, in order to respond to the changing market situations that are typical to the industry. PERSONNEL The number of personnel at the end of the period was 477 (562). The number of personnel has been continuously adjusted to meet the current market situation. During the summer, the number of personnel will increase due to the summer holiday substitutes. The production organisation was renewed in the Group at the beginning of the year and since then, the combined production of all plants has been the responsibility of one Production Manager. STOCK EXCHANGE QUOTATION AND TRADING During the period between 1st January and 31st March 2003 a total of 1.1 million shares were traded, which corresponds to 6.5 per cent of the total of 16.9 million shares. The price of a share has been on a slight increase during the last month, following the general movements of stock quotations. The lowest quotation for the period was 1.45 euro and the highest 2.57 euro per share, which gives an average for the period of 1.77 euro. The closing quotation was 1.75 euro. The market value of the entire share capital was 29.6 million euro. THE DECISIONS OF OKMETIC OYJ S ANNUAL GENERAL MEETING Okmetic Oyj s Annual General Meeting that was held on 27th March 2003 adopted the Financial Statements of both Okmetic Oyj and the Group and discharged the members of the Board of Directors and the President from personal liability. No dividends shall be distributed for The members of the Board of Directors until the end of the next Annual General Meeting are as follows: Mr Mikko J. Aro; Heikki Huomo, Director of Nokia Ventures Organisation; Juho Mäkinen, Executive Vice President, Technology, of Outokumpu Oyj; Pekka Paasikivi, Chairman of the Board of Directors of Oras Oy; Pekka Salmi, Director of SITRA, the Finnish National Fund for Research and Development. Esa Lager, Executive Vice President - Finance and Administration, was elected as a new member of the Board. The Board of Directors elected Mikko J. Aro as its Chairman and Juho Mäkinen as its Vice Chairman in its organization meeting that was held immediately after the Annual General Meeting. SVH PricewaterhouseCoopers Oy, Authorised Public Accountants, were appointed auditors. The Annual General Meeting accepted the proposal of the Board of Directors for authorising the Board to increase the share capital (APPENDIX 1).

4 (11) PROJECTIONS FOR THE NEAR FUTURE The uncertainty in the markets continues, and competion is still fierce. Demand is expected to recover slowly. The net sales of Okmetic for the entire year are expected to remain at the level of the previous year. The decrease in operating loss that began during the first quarter continues, but the operating result for the entire year is expected to be modest. The result estimates will improve if the demand for semiconductors increases significantly. Cash flow from operating activities is expected to be positive. Slow growth is expected in the semiconductor industry in the months to come. The latest estimates for annual growth are at approximately 10%. The increase from the previous year in the capacity utilisation rate of the industry at last provides opportunities for the increase in semiconductor prices. The growth of sensor manufacturing for the automobile industry is estimated to be stronger than the growth of the traditional semiconductor industry. Strong growth is estimated in the semiconductor industry in the year 2004 (Gartner Dataquest, IC Insights, and SIA). In terms of area, the volume of wafer deliveries is expected to increase by 5-10% this year. When it comes to the special products of Okmetic, growth is estimated to be stronger than these figures. The development programme that aims to improve the performance of Okmetic continues intensively. In Vantaa 7th May 2003 The Board of Directors

5 (11) INTERIM REPORT JANUARY 1 MARCH 31, 2003 CONSOLIDATED INCOME STATEMENT EUR 1,000 January 1- January 1- January 1- March 31, March 31, December 31 Net sales 13,381 14,942 57,738 Operating expenses -14,785-15,966-63,889 Operating profit/loss -1,404-1,024-6,151 Financial income and expenses ,970 Profit/loss before extraordinary items -1,957-1,600-8,121 Extraordinary items Profit/loss before taxes -1,957-1,600-8,121 Income taxes ,802 Net income -1,957-1,638-6,319 CONSOLIDATED BALANCE SHEET EUR 1,000 March 31, March 31, December 31, Assets Fixed assets Intangible assets 1,052 1,320 1,172 Tangible assets 109, , ,059 Investments Total fixed assets 110, , ,475 Current assets 8,045 8,362 8,645 Inventories 10,633 10,840 9,219 Receivables 3,406 3,136 3,751 Cash and cash equivalents 22,084 22,338 21,615 Total current assets 132, , ,090 Shareholders equity and liabilities Shareholders equity Share capital 11,821 11,821 11,821 Other shareholders equity 64,243 74,576 66,818 Subordinated loans 6,598 6,576 6,598 Total shareholders equity 82,662 92,973 85,237 Minority interest - 7,232 - Liabilities Deferred tax liability 14 1, Long-term liabilities 18,727 16,205 19,184 Short-term liabilities 31,471 25,787 31,655 Total liabilities 50,212 43,648 50, , , ,090

6 (11) CASH FLOW EUR 1,000 January 1- January 1- January 1- March 31, March 31, December 31 Operating activities ,431 Investing activities ,762-24,742 Financing activities 306 9,466 18,693 Change in cash and cash equivalents ,233-1,618 PLEDGES, CONTINGENT LIABILITIES AND OTHER COMMITMENTS EUR 1,000 March 31, March 31, December 31, Capital of the loans secured by mortgages 38,823 18,399 38,311 Mortgages 45,074 45,747 45,074 Other pledges 8,908-8,908 Leasing commitments 3,208 4,310 3,449 Derivative contracts/ Currency forward agreements: Contract value 14,183 20,265 17,518 Fair value 11,932 20,633 15,257 Hedging (situation on 31st March) (+ profit, - loss) 2, ,261 Interest rate swaps: Contract value 9,956-8,409 Fair value The market value of the interest-rate swap has been calculated as the difference between the undiscounted interest flows of the interest-rate swaps by using the market rate of interest pertaining to the rate changed on The amount of credit to which the interest-rate swap applies has been stated as the under-lying asset value.

7 (11) KEY FIGURES SHOWING FINANCIAL PERFORMANCE January 1- January 1- January 1- March 31, March 31, December 31 Net sales 13,381 14,942 57,738 Net sales, change % Export and foreign operations share of net sales % Operating profit/loss % of Net sales Return on equity, % Return on investment, % Non-interest bearing debt 9,643 12,591 10,630 Net debt to net equity, % Equity ratio, % Capital expenditure ,762 24,742 % of Net sales Depreciation 3,348 2,956 13,432 Research and development 1) expenditure 828 1,018 4,060 % of net sales Average personnel Personnel at the end of the period

8 (11) KEY FIGURES OF THE GROUP PER SHARE March 31, March 31, December 31 Earnings/share undiluted, euro Earnings/share diluted, euro Shareholders equity per share, euro Dividend by share, euro Dividend per earnings, % Price per earnings Development of share price (Jan 1, - March 31, 03) Average trading price Lowest trading price Highest trading price Trading price (Jan 1, - March 31, 03) at the end of the period Market capitalization at the end of the period, 1,000 euro 29,553 83,087 38,841 Development in trading volume Trading volume, transactions 1,090,970 1,352,737 4,097,207 In relation to weighted average, % Trading volume, euro 1,930,850 6,591,456 15,202,025 The weighted average number of shares during the accounting period under review, adjusted by the share issue 2) 16,887,500 16,887,500 16,887,500 The number of shares at the end of the accounting period, adjusted by the share issue 2) 16,887,500 16,887,500 16,887,500 Adjusted average number of shares during the accounting period including the dilution due to convertible loans and options 12,917,849 16,744,540 16,099,136 Adjusted average number of shares at the end of the accounting period including the dilution due to convertible loans and options 12,917,849 16,744,540 16,099,136 1) Research and development expenditure has been presented in gross figures and only long-term projects based on research program have been taken into account. 2) Per share figures have been adjusted in accordance with the guidelines issued by the Finnish Accounting Board (KILA) 390/1999 and have been adjusted to correspond to the current number of shares in the Company.

9 (11) QUARTERLY KEY FIGURES FOR / / / /2003 Net sales 13,381 Change % compared to previous 2.6 Operating profit/loss -1,404 % of net sales Profit before extraordinary items -1,957 % of net sales Cash from operating activities 118 Investing activities -769 Financing activities 306 Increase/decrease in cash and cash equivalents -345 Personnel at the end of the period 477 QUARTERLY KEY FIGURES FOR / / / /2002 Net sales 13,036 13,853 15,906 14,942 Change % compared to previous Operating profit/loss -3, ,536-1,024 % of net sales Profit before extraordinary items -4, ,012-1,600 % of net sales Cash from operating activities 684 3, Investing activities -10,132-2, ,762 Financing activities 5,729 3, ,466 Increase/decrease in cash and cash equivalents -3,719 4, ,233 Personnel at the end of the period

10 (11) QUARTERLY KEY FIGURES FOR / / / /2001 Net sales 10,969 11,989 16,094 18,253 Change % compared to previous Operating profit/loss -3,114-1,276 1,248 2,358 % of net sales Profit before extraordinary items -3,482-1, ,147 % of net sales Cash from operating activities 2,892 1,935 8,656 1,904 Investing activities -13,196-7,765-17,732-5,053 Financing activities ,563 10,927 Increase/decrease in cash and cash equivalents -10,339-6,638-10,639 7,778 Personnel at the end of the period The figures are unaudited. In the written interim report, the figures in parenthesis refer to the corresponding period in the previous year. OKMETIC IN BRIEF Okmetic is a growing technology company that manufactures high-quality silicon wafers and other products based on silicon, and markets these products to semiconductor and sensor industries worldwide. The company has plants in Espoo and Vantaa in Finland and in Allen, Texas, in North America. Okmetic puts emphasis on customer satisfaction and the high quality of products and services. The company is quoted on the Helsinki Exchanges under the symbol OKM. More information on the Company is available at Okmetic s home page at

11 (11) OKMETIC OYJ APPENDIX 1 The proposal of the Board of Directors to Okmetic Oyj's Annual General Meeting for authorising the Board to decide on increasing the share capital The Board of Directors shall propose to the Annual General Meeting to be held on 27 March 2003 that the Board be authorised to increase the Company's share capital by a new issue or by issuing options or convertible bonds in one or more tranches starting 27 March 2003 until the next Annual General Meeting but not later than within one year of the date of the Annual General Meeting. The aggregate maximum number of shares to be issued in the new issue or to be offered for subscription pursuant to options or convertible bonds shall be 2,000,000 new shares. Pursuant to this authorisation, the share capital of the Company may be increased by a maximum of 1,400,000 euros. The authorisation shall include the right to deviate from the shareholders' pre-emptive subscription rights provided for in Chapter 4:2 of the Companies Act with regard to subscribing for new shares, convertible bonds, or option rights and the right to decide regarding subscription prices, those entitled to subscribe and subscription terms and the terms for convertible bonds and option rights. The authorisation may be used in deviation of the shareholders' pre-emptive rights if the deviation is justified by an important financial reason for the Company such as the use of shares, convertible bonds and/or option rights in consideration for company or business acquisition, personnel incentives or other arrangements related to business development or capital management. When the share capital is increased through a new issue, other than on the basis of convertible bonds or option rights, the Board of Directors is entitled to decide that the shares may be subscribed for against contribution in kind, or by using right of setoff or under other given terms.

Stock Exchange Release 8 May 2003, at 9 am

Stock Exchange Release 8 May 2003, at 9 am Sponda Plc Stock Exchange Release 8 May 2003, at 9 am Interim Report January-March 2003 SPONDA S FIRST QUARTER RESULT AS EXPECTED Sponda Group recorded a first-quarter net profit of EUR 6.9 (79.5) million.

More information

SCANFIL PLC STOCK EXCHANGE RELEASE 27 APRIL 2007 8.30 a.m.

SCANFIL PLC STOCK EXCHANGE RELEASE 27 APRIL 2007 8.30 a.m. SCANFIL PLC STOCK EXCHANGE RELEASE 27 APRIL 2007 8.30 a.m. SCANFIL PLC'C INTERIM REPORT 1 JANUARY 31 MARCH 2007 - Turnover for the first quarter of 2007 totalled EUR 52,2 million (60,1 in the corresponding

More information

SSH COMMUNICATIONS SECURITY CORPORATION FINANCIAL STATEMENT RELEASE, JANUARY 1 MARCH 31, 2016

SSH COMMUNICATIONS SECURITY CORPORATION FINANCIAL STATEMENT RELEASE, JANUARY 1 MARCH 31, 2016 SSH COMMUNICATIONS SECURITY CORPORATION FINANCIAL STATEMENT RELEASE April 21, 2016 AT 9:00 A.M SSH COMMUNICATIONS SECURITY CORPORATION FINANCIAL STATEMENT RELEASE, JANUARY 1 MARCH 31, 2016 January March

More information

RAKENTAJAIN KONEVUOKRAAMO OYJ STOCK EXCHANGE RELEASE 10 MAY 2005, at 10.30 hrs RAKENTAJAIN KONEVUOKRAAMO OYJ S INTERIM REPORT Q1/2005

RAKENTAJAIN KONEVUOKRAAMO OYJ STOCK EXCHANGE RELEASE 10 MAY 2005, at 10.30 hrs RAKENTAJAIN KONEVUOKRAAMO OYJ S INTERIM REPORT Q1/2005 RAKENTAJAIN KONEVUOKRAAMO OYJ STOCK EXCHANGE RELEASE 10 MAY 2005, at 10.30 hrs RAKENTAJAIN KONEVUOKRAAMO OYJ S INTERIM REPORT Q1/2005 - Turnover, EUR 17.0 million (EUR 15.4 million) - A 10.3 per cent increase

More information

TECNOTREE CORPORATION INTERIM REPORT 1 JAN 31 MAR 2015 (UNAUDITED)

TECNOTREE CORPORATION INTERIM REPORT 1 JAN 31 MAR 2015 (UNAUDITED) TECNOTREE CORPORATION INTERIM REPORT 1 JAN 31 MAR 2015 (UNAUDITED) 29 April 2015 at 8:30 am Tecnotree is a global supplier of telecom IT solutions, providing products and services for charging, billing,

More information

STOCK EXCHANGE RELEASE October 23, 2003, at 3.40 p.m. RAUTE OYJ S INTERIM REPORT FOR JANUARY 1 SEPTEMBER 30, 2003

STOCK EXCHANGE RELEASE October 23, 2003, at 3.40 p.m. RAUTE OYJ S INTERIM REPORT FOR JANUARY 1 SEPTEMBER 30, 2003 1 RAUTE OYJ Translation STOCK EXCHANGE RELEASE October 23, 2003, at 3.40 p.m. RAUTE OYJ S INTERIM REPORT FOR JANUARY 1 SEPTEMBER 30, 2003 The Raute Group posted consolidated net sales of MEUR 55.1 (MEUR

More information

ASPOCOMP GROUP Oyj STOCK EXCHANGE BULLETIN July 28,2000 14.30PM 1(7)

ASPOCOMP GROUP Oyj STOCK EXCHANGE BULLETIN July 28,2000 14.30PM 1(7) ASPOCOMP GROUP Oyj STOCK EXCHANGE BULLETIN July 28,2000 14.30PM 1(7) ASPOCOMP INTERIM REPORT JANUARY 1 JUNE 30, 2000 Net sales for the first six months of the year increased 25.3 % totalling EUR 122.2

More information

SOLTEQ PLC S INTERIM REPORT 1.1.-30.6.2013

SOLTEQ PLC S INTERIM REPORT 1.1.-30.6.2013 Stock Exchange Bulletin 1 (13) SOLTEQ PLC S INTERIM REPORT 1.1.-30.6.2013 Solteq Plc Stock Exchange Bulletin - Solteq Plc s turnover increased 2.2 per cent and totalled 19.7 million euros (19.3 million

More information

SSH COMMUNICATIONS SECURITY CORPORATION INTERIM REPORT RELEASE, JANUARY 1 SEPTEMBER 30, 2015

SSH COMMUNICATIONS SECURITY CORPORATION INTERIM REPORT RELEASE, JANUARY 1 SEPTEMBER 30, 2015 SSH COMMUNICATIONS SECURITY CORPORATION INTERIM REPORT RELEASE October 22, AT 9:00 A.M SSH COMMUNICATIONS SECURITY CORPORATION INTERIM REPORT RELEASE, JANUARY 1 SEPTEMBER 30, July September : +12.8 % net

More information

Interim Report January-March. A significant result improvement

Interim Report January-March. A significant result improvement Interim Report January-March A significant result improvement ETTEPLAN OYJ INTERIM REPORT MAY 7, 2015, AT 2:00 PM ETTEPLAN Q1: A SIGNIFICANT RESULT IMPROVEMENT Review period January-March 2015 The Group

More information

SCANFIL GROUP S INTERIM REPORT 1 JANUARY 30 SEPTEMBER 2009

SCANFIL GROUP S INTERIM REPORT 1 JANUARY 30 SEPTEMBER 2009 SCANFIL PLC INTERIM REPORT 23 OCTOBER 2009 8.30 a.m. SCANFIL GROUP S INTERIM REPORT 1 JANUARY 30 SEPTEMBER 2009 January - September - Turnover for the first nine months of 2009 totalled EUR 149.2 million

More information

Teleste Corporation Interim Report 1.1. 30.9.2002

Teleste Corporation Interim Report 1.1. 30.9.2002 Teleste Corporation Interim Report 1.1. 30.9.2002 Teleste Corporation Interim Report 1.1. 30.9.2002 The decline in network operators investments in Teleste s core business has not eased off Market outlook

More information

Apetit Plc Interim Report, January June 2015

Apetit Plc Interim Report, January June 2015 Apetit Plc Interim Report, January June 2015 Second quarter (April June) Consolidated net sales were up on the previous year and amounted to EUR 100.2 (98.1) million. Operating profit excluding non-recurring

More information

PONSSE PLC, STOCK EXCHANGE RELEASE, 26 OCTOBER 2010, 9:00 a.m. PONSSE S INTERIM REPORT FOR 1 JANUARY 30 SEPTEMBER 2010

PONSSE PLC, STOCK EXCHANGE RELEASE, 26 OCTOBER 2010, 9:00 a.m. PONSSE S INTERIM REPORT FOR 1 JANUARY 30 SEPTEMBER 2010 PONSSE PLC, STOCK EXCHANGE RELEASE, 26 OCTOBER 2010, 9:00 a.m. PONSSE S INTERIM REPORT FOR 1 JANUARY 30 SEPTEMBER 2010 - Net sales were EUR 171.8 (Q1-Q3/2009 EUR 98.9) million. - Q3 net sales were EUR

More information

INTERIM REPORT 1.1.-30.9.2004

INTERIM REPORT 1.1.-30.9.2004 INTERIM REPORT 1.1.-30.9.2004 RAUTE OYJ 1 (9) RAUTE OYJ S INTERIM REPORT FOR JANUARY 1 - SEPTEMBER 30, 2004 Net sales MEUR 60.6 (MEUR 55.1) and operating profit MEUR 4.8 (MEUR -7.6) grew markedly. Net

More information

Digia s first quarter 2013: Closure of contract engineering business continued to affect the net sales, leading to slightly negative operating profit

Digia s first quarter 2013: Closure of contract engineering business continued to affect the net sales, leading to slightly negative operating profit Digia s first quarter 2013: Closure of contract engineering business continued to affect the net sales, leading to slightly negative operating profit Summary January-March Consolidated net sales: EUR 23.5

More information

ASPOCOMP GROUP Oyj STOCK EXCHANGE BULLETIN Feb 16,2000 at 10.15AM1(6)

ASPOCOMP GROUP Oyj STOCK EXCHANGE BULLETIN Feb 16,2000 at 10.15AM1(6) ASPOCOMP GROUP Oyj STOCK EXCHANGE BULLETIN Feb 16,2000 at 10.15AM1(6) ASPOCOMP GROUP FINANCIAL PERFORMANCE 1999 Operating profit after depreciation totalled EUR 21.5 million (EUR 11.8 million) and after

More information

INTERIM REPORT 1.1.-30.6.2004

INTERIM REPORT 1.1.-30.6.2004 INTERIM REPORT 1.1.-30.6.2004 RAUTE OYJ 1 (9) RAUTE OYJ S INTERIM REPORT FOR JANUARY 1 JUNE 30, 2004 Net sales MEUR 41.9 (MEUR 33.0) and operating profit MEUR 4.1 (MEUR -7.4) increased. Net sales of current

More information

Appendix 8 UPM-KYMMENE CORPORATION PROPOSAL OF THE BOARD OF DIRECTORS PROPOSAL FOR THE DISTRIBUTION OF PROFITS The distributable funds of the parent company are EUR 3,267,769,260.68. The Board of Directors

More information

FINANCIAL REPORT H1 2014

FINANCIAL REPORT H1 2014 FINANCIAL REPORT H1 2014 HIGH SPEED BY PASSION 02_Key Figures 03_Group Status Report 05_Consolidated Financial Statements 10_Notes 11_Declaration of the Legal Representatives 02 PANKL KEY FIGURES EARNING

More information

Consolidated Financial Review for the First Quarter Ended June 30, 2004

Consolidated Financial Review for the First Quarter Ended June 30, 2004 Consolidated Financial Review for the First Quarter Ended August 9, 2004 Company Name: Head Office: Tokyo, Japan URL: Stock exchange listing: Tokyo Stock Exchange 1ST Section Code number: 6481 Representative:

More information

In addition, Outokumpu has adopted the following amended standards as of January 1, 2009:

In addition, Outokumpu has adopted the following amended standards as of January 1, 2009: 1. Corporate information Outokumpu Oyj is a Finnish public limited liability company organised under the laws of Finland and domiciled in Espoo. The parent company, Outokumpu Oyj, has been listed on the

More information

Innofactor Plc's interim report for January 1 September 30, 2011 (IFRS)

Innofactor Plc's interim report for January 1 September 30, 2011 (IFRS) INTERIM REPORT Q3/2011 1(28) Stock Exchange Release November 1, 2011, at 8:30 Finnish time 's interim report for January 1 September 30, 2011 (IFRS) Summary Innofactor group's key figures for July 1 September

More information

(SEA) : SeaDragon Limited

(SEA) : SeaDragon Limited A: (SEA) : SeaDragon Limited Reporting Period Previous Reporting Period Results for announcement to the market 12 months to 31 March 2013 12 months to 31 March 2012 Revenue from continuing ordinary activities

More information

INTERIM REPORT JANUARY 1 SEPTEMBER 30, 2011

INTERIM REPORT JANUARY 1 SEPTEMBER 30, 2011 Q3 INTERIM REPORT JANUARY 1 SEPTEMBER 30, 2011 Helsinki, October 27, 2011 Fiskars Corporation Interim Report January 1 - September 30, 2011 October 27, 2011 Third quarter: Net sales and operating profit

More information

TECHNOPOLIS PLC STOCK EXCHANGE RELEASE July 20, 2007 at 11.45 a.m.

TECHNOPOLIS PLC STOCK EXCHANGE RELEASE July 20, 2007 at 11.45 a.m. TECHNOPOLIS PLC STOCK EXCHANGE RELEASE July 20, 2007 at 11.45 a.m. TECHNOPOLIS GROUP INTERIM REPORT, January 1 - June 30, 2007 Highlights of 1-6/2007 compared with corresponding period of 2006: - Group's

More information

Interim Report 1 January - 31 March 2001

Interim Report 1 January - 31 March 2001 Interim Report 1 January - 31 March 2001 Componenta Corporation Interim Report 1 January - 31 March 2001 Componenta Group had net sales during the first quarter of EUR 56.3 million (EUR 62.6 million in

More information

JT Family Holding Oy

JT Family Holding Oy [This is unofficial translation from Finnish original] JT Family Holding Oy ANNUAL REPORT 31.12.2012 ANNUAL REPORT 31.12.2012 page Board of Director s Review 3 Consolidated income statement 7 Consolidated

More information

TECNOTREE CORPORATION FINANCIAL REPORT 1 JAN 31 DEC 2014 (UNAUDITED)

TECNOTREE CORPORATION FINANCIAL REPORT 1 JAN 31 DEC 2014 (UNAUDITED) TECNOTREE CORPORATION FINANCIAL REPORT 1 JAN 31 DEC 2014 (UNAUDITED) 30 January 2015 at 8:30 am Tecnotree is a global supplier of telecom IT solutions, providing products and services for charging, billing,

More information

Investeringsselskabet. Nasdaq OMX Copenhagen A/S Announcement No 7 Nikolaj Plads 6 page 1 of 19 PO Box 1040 date 27 August 2015

Investeringsselskabet. Nasdaq OMX Copenhagen A/S Announcement No 7 Nikolaj Plads 6 page 1 of 19 PO Box 1040 date 27 August 2015 Investeringsselskabet LUXOR Frederiksborggade 50, 1360 København K Telefon 33 32 50 15 Telefax 33 12 41 70 CVR-nr. 49 63 99 10 Nasdaq OMX Copenhagen A/S Announcement No 7 Nikolaj Plads 6 page 1 of 19 PO

More information

Consolidated Financial Results for Six Months Ended September 30, 2007

Consolidated Financial Results for Six Months Ended September 30, 2007 Consolidated Financial Results for Six Months Ended September 30, 2007 SOHGO SECURITY SERVICES CO., LTD (URL http://ir.alsok.co.jp/english) (Code No.:2331, TSE 1 st Sec.) Representative: Atsushi Murai,

More information

FINANCIAL STATEMENTS 2011

FINANCIAL STATEMENTS 2011 FINANCIAL STATEMENTS FINANCIAL STATEMENTS Report of the Board of Directors, financial period nebula January oy:n 1 December Tilinpäätös 31, Ownership structure changes, board of directors and auditor With

More information

Brief Report on Closing of Accounts (connection) for the Term Ended March 31, 2007

Brief Report on Closing of Accounts (connection) for the Term Ended March 31, 2007 MARUHAN Co., Ltd. Brief Report on Closing of (connection) for the Term Ended March 31, 2007 (Amounts less than 1 million yen omitted) 1.Business Results for the term ended on March, 2007 (From April 1,

More information

OFFICE TRANSLATION FOR INFORMATION PURPOSES ONLY IN CASE OF DISCREPANCY THE INITIAL SIGNED FINNISH VERSION SHALL APPLY -

OFFICE TRANSLATION FOR INFORMATION PURPOSES ONLY IN CASE OF DISCREPANCY THE INITIAL SIGNED FINNISH VERSION SHALL APPLY - DEMERGER PLAN 1. DEMERGER The Board of Directors of Sievi Capital plc proposes that Sievi Capital plc ( Sievi Capital or the Demerged Company ) demerge partially so that part of its assets and liabilities

More information

Half Year Financial Statement And Announcement for the Period Ended 31/12/2010

Half Year Financial Statement And Announcement for the Period Ended 31/12/2010 AUSSINO GROUP LTD Company Registration No.: 199100323H Half Year Financial Statement And Announcement for the Period Ended 31/12/2010 PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2

More information

Year ended 31 Dec 2009

Year ended 31 Dec 2009 PACE PLC CHANGE OF FUNCTIONAL AND PRESENTATIONAL CURRENCY AND COMPARATIVES RE-PRESENTED IN US DOLLARS Introduction Pace announced at the time of its preliminary results announcement that the Board had

More information

FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS

FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international

More information

5. Provisions for decrease in value of marketable securities (-)

5. Provisions for decrease in value of marketable securities (-) Balance sheet ASSETS I. CURRENT ASSETS A. Liquid Assets: 1. Cash. 2. Cheques received. 3. Banks. 4. Cheques given and payment orders (-). 5. Other liquid assets. B. Marketable Securities: 1. Share certificates.

More information

Condensed consolidated income statement

Condensed consolidated income statement RESTATED AND PREVIOUSLY COMMUNICATED (OLD) QUARTERLY INFORMATION FOR Fortum signed the agreement to sell its Swedish distribution business on 13 March 2015, which concludes Fortum s divestment of its electricity

More information

March 31, 2006 TABLE OF CONTENTS

March 31, 2006 TABLE OF CONTENTS March 31, 2006 TABLE OF CONTENTS Managing Director s review 2 Lending 3 Funding 3 Risk management and internal audit 4 Capital adequacy and own funds 4 Credit Ratings 4 Operating result 4 Personnel and

More information

Ricoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000)

Ricoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000) Ricoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000) *Date of approval for the financial results for the half year ended September 30, 2000, at the Board of Directors'

More information

Stock Exchange Release February 24, 2011 at 8.00 am (CET+1) 1/7

Stock Exchange Release February 24, 2011 at 8.00 am (CET+1) 1/7 February 24, 2011 at 8.00 am (CET+1) 1/7 Kemira Oyj: Notice of Annual General Meeting The shareholders of Kemira Oyj ( Kemira ) are invited to the Annual General Meeting to be held on Tuesday, March 22,

More information

July 29, 2008 at 9.00am. (Unaudited figures. Unless otherwise stated comparisons are made to the same period one year ago. The currency is euro.

July 29, 2008 at 9.00am. (Unaudited figures. Unless otherwise stated comparisons are made to the same period one year ago. The currency is euro. F-SECURE CORPORATION Stock Exchange Release July 29, 2008 at 9.00am F-Secure Group January 1 - June 30, 2008 Financial Results Solid overall growth, good profitability (Unaudited figures. Unless otherwise

More information

33 BUSINESS ACCOUNTING STANDARD FINANCIAL STATEMENTS OF FINANCIAL BROKERAGE FIRMS AND MANAGEMENT COMPANIES I. GENERAL PROVISIONS

33 BUSINESS ACCOUNTING STANDARD FINANCIAL STATEMENTS OF FINANCIAL BROKERAGE FIRMS AND MANAGEMENT COMPANIES I. GENERAL PROVISIONS APPROVED by Order No. VAS-6 of 12 May 2006 of the Director of the Public Establishment the Institute of Accounting of the Republic of Lithuania 33 BUSINESS ACCOUNTING STANDARD FINANCIAL STATEMENTS OF FINANCIAL

More information

ASPOCOMP GROUP Oyj STOCK EXCHANGE BULLETIN Nov 3, 1999 at 9.00AM 1(7) ASPOCOMP PRO FORMA INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 1999

ASPOCOMP GROUP Oyj STOCK EXCHANGE BULLETIN Nov 3, 1999 at 9.00AM 1(7) ASPOCOMP PRO FORMA INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 1999 ASPOCOMP GROUP Oyj STOCK EXCHANGE BULLETIN Nov 3, 1999 at 9.00AM 1(7) ASPOCOMP PRO FORMA INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 1999 Net sales for the first nine months of the year increased 67 % totalling

More information

The items published on the Internet Websites upon the Notice of Convocation of the 147 th Ordinary General Meeting of Shareholders

The items published on the Internet Websites upon the Notice of Convocation of the 147 th Ordinary General Meeting of Shareholders The items published on the Internet Websites upon the Notice of Convocation of the 147 th Ordinary General Meeting of Shareholders Notes to Consolidated Financial Statements & Notes to Non-Consolidated

More information

Consolidated Financial Statements 2009

Consolidated Financial Statements 2009 Consolidated Financial Statements 2009 (April 1, 2009 - March 31, 2010) Senkon Logistics Co., Ltd. CONSOLIDATED BALANCE SHEET ASSETS (As of March 31,2009) (As of March 31,2010) Current assets Cash and

More information

Resco AB (publ) Interim Report January - March 2003

Resco AB (publ) Interim Report January - March 2003 Resco AB (publ) Interim Report January - March 2003 Total sales for the first quarter 2003 amounted to SEK 63 million (88), representing a decline of 28 percent. Pro forma 1, sales increased by 1 percent.

More information

Accounting and Reporting Policy FRS 102. Staff Education Note 1 Cash flow statements

Accounting and Reporting Policy FRS 102. Staff Education Note 1 Cash flow statements Staff Education Note 1: Cash flow Statements Accounting and Reporting Policy FRS 102 Staff Education Note 1 Cash flow statements Disclaimer This Education Note has been prepared by FRC staff for the convenience

More information

Finland Post Corporation Interim Report 2005 January March

Finland Post Corporation Interim Report 2005 January March Q1 Finland Post Corporation Interim Report 2005 January March Interim Report for 1 January 31 March 2005 Interim Report for January March 2005 Net turnover: EUR 312.4 million (unchanged on previous year)

More information

Interim Report 1 January 31 March 2012

Interim Report 1 January 31 March 2012 Atria Plc Interim Report 1 January 31 March 2012 CEO Juha Gröhn 3 May, 2012 Review /2012 Net sales 308.6 304.0 1,301.9 EBIT 0.1-4.2 8.0 EBIT % 0.0-1.4 0.6 Profit before taxes -3.0-6.6-4.7 Earnings per

More information

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS ATTACHMENTS TO THE PRESS RELEASE The consolidated Income Statements, consolidated Statements of Financial Position and the Consolidated Statements of Cash Flows as well as the Net Financial Debt of INWIT,

More information

FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS

FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international

More information

(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None

(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None Financial Statement for the Six Months Ended September 30, 2015 Name of listed company: Mipox Corporation Stock Code: 5381 (URL http://www.mipox.co.jp) Name and Title of Representative: Jun Watanabe, President

More information

31 July 2015 For the period beginning 1 January 2015 and ending 31 July 2015

31 July 2015 For the period beginning 1 January 2015 and ending 31 July 2015 Interim accounts Draft 31 July 2015 Tank International Lux S.à r.l. Société à responsabilité limitée 46A, Avenue J.F. Kennedy L-1855 Luxembourg Luxembourg R.C.S. Luxembourg: B 167432 Share capital: EUR

More information

RAUTE OYJ S FINANCIAL STATEMENTS FOR 2004

RAUTE OYJ S FINANCIAL STATEMENTS FOR 2004 FINANCIAL STATEMENTS 2004 RAUTE OYJ 1 (11) Financial Statements 2004 9.3.2005 RAUTE OYJ S FINANCIAL STATEMENTS FOR 2004 The Group s net sales was MEUR 81.2 (97.6) and the operating profit MEUR 5.1 (-3.3).

More information

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets 1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets As of March 31,2014 As of March 31,2015 Assets Cash and due from banks 478,425 339,266 Call loans and bills bought 23,088 58,740 Monetary

More information

5N PLUS INC. Condensed Interim Consolidated Financial Statements (Unaudited) For the three month periods ended March 31, 2016 and 2015 (in thousands

5N PLUS INC. Condensed Interim Consolidated Financial Statements (Unaudited) For the three month periods ended March 31, 2016 and 2015 (in thousands Condensed Interim Consolidated Financial Statements (Unaudited) (in thousands of United States dollars) Condensed Interim Consolidated Statements of Financial Position (in thousands of United States dollars)

More information

Howellust

Howellust Year-end report 1 January 31 December 2013 Net sales rose to SEK 479.4 M (433.8), up approximately 12%.* Order bookings totalled SEK 460.5 M (447.6), up about 4%.* Operating profit amounted to SEK 48.0

More information

Reece Australia Limited (ABN 49 004 313 133) and controlled entities Financial Information

Reece Australia Limited (ABN 49 004 313 133) and controlled entities Financial Information Reece Australia Limited (ABN 49 004 313 133) and controlled entities Financial Information FOR THE YEAR ENDED 30 JUNE PROVIDED TO THE ASX UNDER LISTING RULE 4.3A Reece Australia Limited (ABN 49 004 313

More information

CONSOLIDATED INTERIM FINANCIAL STATEMENTS

CONSOLIDATED INTERIM FINANCIAL STATEMENTS CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND GROUP INTERIM MANAGEMENT REPORT SECOND QUARTER OF 2008 JUNE 30, 2008 FRANCONOFURT AG FRANKFURT AM MAIN FRANCONOFURT AG, FRANKFURT AM MAIN CONSOLIDATED INTERIM

More information

NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS

NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS NAS 03 NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS CONTENTS Paragraphs OBJECTIVE SCOPE 1-3 BENEFITS OF CASH FLOWS INFORMATION 4-5 DEFINITIONS 6-9 Cash and cash equivalents 7-9 PRESENTATION OF A

More information

Group 9-month report Bastei Lübbe AG 1 Apr - 31 Dec 2015

Group 9-month report Bastei Lübbe AG 1 Apr - 31 Dec 2015 Group 9-month report Bastei Lübbe AG 1 Apr - 31 Dec 2015 At a Glance Key figures (IFRS) 01/04/2015-2015 01/04/- Change in % Business development in million Group turnover 79.4 86.8-8.5 % EBITDA 14.0 11.5

More information

OPTION REPORTS FULL YEAR 2013 RESULTS

OPTION REPORTS FULL YEAR 2013 RESULTS OPTION REPORTS FULL YEAR 2013 RESULTS Leuven, Belgium March 13, 2014 Option N.V. (EURONEXT Brussels: OPTI; OTC: OPNVY), a global leader in wireless connectivity, security and experience, today announced

More information

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002 CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002 Unaudited Unaudited Note Turnover 2 5,576 5,803 Other net losses (1) (39) 5,575 5,764 Direct costs and operating expenses (1,910)

More information

CAPITAL GROUP CENTRUM NOWOCZESNYCH TECHNOLOGII SPÓŁKA AKCYJNA

CAPITAL GROUP CENTRUM NOWOCZESNYCH TECHNOLOGII SPÓŁKA AKCYJNA CAPITAL GROUP CENTRUM NOWOCZESNYCH TECHNOLOGII SPÓŁKA AKCYJNA MID-YEAR CONDENSED CONSOLIDATED FINANCIAL STATEMENT OF THE CAPITAL GROUP CNT S.A. AND MID-YEAR CONDENSED SEPARATE FINANCIAL STATEMENT OF CNT

More information

Trig Social Media AB (publ) Corporate Identity Number: 556788-2807. Three Months Report. January 1 March 31, 2015

Trig Social Media AB (publ) Corporate Identity Number: 556788-2807. Three Months Report. January 1 March 31, 2015 EN Trig Social Media AB (publ) Corporate Identity Number: 556788-2807 Three Months Report January 1 March 31, 2015 First Quarter, January - March 2015 Net sales amounted to 26 337 Euro Operating loss amounted

More information

Capcon Holdings plc. Interim Report 2011. Unaudited interim results for the six months ended 31 March 2011

Capcon Holdings plc. Interim Report 2011. Unaudited interim results for the six months ended 31 March 2011 Capcon Holdings plc Interim Report 2011 Unaudited interim results for the six months ended 31 March 2011 Capcon Holdings plc ("Capcon" or the "Group"), the AIM listed investigations and risk management

More information

FLEET MANAGEMENT SOLUTIONS INC.

FLEET MANAGEMENT SOLUTIONS INC. FLEET MANAGEMENT SOLUTIONS INC. (Formerly: Silverton Mining Corp.) CONSOLIDATED FINANCIAL STATEMENTS (unaudited prepared by management) March 31, 2013 (Expressed in US Dollars) 1 FLEET MANAGEMENT SOLUTIONS

More information

BBVA Senior Finance, S.A. Unipersonal

BBVA Senior Finance, S.A. Unipersonal BBVA Senior Finance, S.A. Unipersonal Half year financial report to 30th June 2014 DISCLAIMER: The English version is a translation of the original in Spanish for information purposes only. In case of

More information

STONESOFT CORP. STOCK EXCHANGE RELEASE APRIL 28,2006 AT 9.00 AM STONESOFT CORP.'S INTERIM REPORT FOR JANUARY-MARCH 2006

STONESOFT CORP. STOCK EXCHANGE RELEASE APRIL 28,2006 AT 9.00 AM STONESOFT CORP.'S INTERIM REPORT FOR JANUARY-MARCH 2006 STONESOFT CORP. STOCK EXCHANGE RELEASE APRIL 28,2006 AT 9.00 AM STONESOFT CORP.'S INTERIM REPORT FOR JANUARY-MARCH 2006 The sales of StoneGate products increased by 12 % during the first quarter. SUMMARY

More information

For the three months ended March 31, 2001 2000. Net sales $ 1,921 $ 1,351 Cost of sales 1,112 788. Gross margin 809 563

For the three months ended March 31, 2001 2000. Net sales $ 1,921 $ 1,351 Cost of sales 1,112 788. Gross margin 809 563 Pro Forma Consolidated Statements of Income Excluding Amortization of Purchased Intangibles and Goodwill, Purchased In-Process Research and Development, Acquisition-Related Costs and Non-Recurring Items

More information

Interim Report January 1 st March 31 st, 2003

Interim Report January 1 st March 31 st, 2003 Interim Report January 1 st March 31 st, 2003 First Quarter 2003 Earnings before taxes increased by 23 per cent to 70 MSEK. Earnings after taxes increased by 36 per cent to 45 MSEK. Earnings per share

More information

9-MONTHS REPORT. Stable development of business in Q3 Lila Logistik confirms full-year forecast

9-MONTHS REPORT. Stable development of business in Q3 Lila Logistik confirms full-year forecast /08 9-MONTHS REPORT Stable development of business in Q3 Lila Logistik confirms full-year forecast Key figures for the first three quarters of 2008 in accordance with IFRS 01.01. 01.01. Change in Change

More information

Financial Statements and Board of Directors Report for 2013

Financial Statements and Board of Directors Report for 2013 Financial Statements and Board of Directors Report for 2013 get the world Contents Key indicators...4 Definitions of key indicators...5 Net sales by business...6 Operating profit excluding non-recurring

More information

AssetCo plc ( AssetCo or the Company ) Results for the six-month period ended 31 March 2012

AssetCo plc ( AssetCo or the Company ) Results for the six-month period ended 31 March 2012 Issued on behalf of AssetCo plc Date: Friday 29 June 2012 Immediate Release Statement by the Chairman, Tudor Davies AssetCo plc ( AssetCo or the Company ) Results for the six-month period ended 31 March

More information

Consolidated Interim Earnings Report

Consolidated Interim Earnings Report Consolidated Interim Earnings Report For the Six Months Ended 30th September, 2003 23th Octorber, 2003 Hitachi Capital Corporation These financial statements were prepared for the interim earnings release

More information

Helmut Engelbrecht, Chief Executive of URENCO Group, commenting on the half-year results, said:

Helmut Engelbrecht, Chief Executive of URENCO Group, commenting on the half-year results, said: news release 3 September 2014 URENCO Group Half-Year 2014 Unaudited Financial Results London 3 September 2014 URENCO Group ( URENCO or the Group ), an international supplier of uranium enrichment and nuclear

More information

Consolidated Balance Sheets

Consolidated Balance Sheets Consolidated Balance Sheets March 31 2015 2014 2015 Assets: Current assets Cash and cash equivalents 726,888 604,571 $ 6,057,400 Marketable securities 19,033 16,635 158,608 Notes and accounts receivable:

More information

Investment service companies

Investment service companies 2015 Investment service companies 2015, 1st quarter Net operating profit of investment service companies grew in January to March from the year before The net operating profit of investment service companies

More information

Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007

Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007 Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007 The Board of Abbey plc reports a profit before taxation of 18.20m which compares with a profit of 22.57m for

More information

GR VIETNAM HOLDINGS LIMITED * (Incorporated in Bermuda with limited liability) (Stock Code: 139)

GR VIETNAM HOLDINGS LIMITED * (Incorporated in Bermuda with limited liability) (Stock Code: 139) GR VIETNAM HOLDINGS LIMITED * (Incorporated in Bermuda with limited liability) (Stock Code: 139) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 The Board of Directors (the Board

More information

Quarter Report 2014 ESSANELLE HAIR GROUP AG

Quarter Report 2014 ESSANELLE HAIR GROUP AG Quarter Report 2014 ESSANELLE HAIR GROUP AG Q1 2 Q1/2014 ESSANELLE HAIR GROUP KEY FIGURES for 1 January to 31 March 2014/2013 (IFRS) million 2014 2013 Change* Consolidated sales 32.3 30.8 +4.7% essanelle

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross

More information

SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012

SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012 SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012 February 8, 2013 ARRK Corporation 2-2-9 Minami Hommachi, Chuo-ku, Osaka, 541-0054, JAPAN 1. Consolidated financial results

More information

Financial statements. Income statement of Oma Säästöpankki Ltd 1.1. - 31.12.2011 1.1. - 31.12.2010. Interest income (1.1) 9 770 764,72 7 731 142,63

Financial statements. Income statement of Oma Säästöpankki Ltd 1.1. - 31.12.2011 1.1. - 31.12.2010. Interest income (1.1) 9 770 764,72 7 731 142,63 1 Financial statements Income statement of Oma Säästöpankki Ltd 1.1. - 31.12.2011 1.1. - 31.12.2010 eur eur Interest income (1.1) 9 770 764,72 7 731 142,63 Interest expenses (1.1) -4 202 398,43-3 177 373,78

More information

An income statement and statement of comprehensive income (continued)

An income statement and statement of comprehensive income (continued) FIRST RESOURCES LIMITED Unaudited Financial Statements for the Third Quarter ( 3Q ) and Nine Months ( 9M ) Ended 30 September 2015 1(a) An income statement and statement of comprehensive income or a statement

More information

長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 00294)

長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 00294) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015. Page 1 of 7

APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015. Page 1 of 7 APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015 1 Details of the reporting period and the previous corresponding period Current period: 1 April 2014 to 31 March 2015

More information

The items published on the Internet Website upon the Notice of Convocation of the 148 th Ordinary General Meeting of Shareholders

The items published on the Internet Website upon the Notice of Convocation of the 148 th Ordinary General Meeting of Shareholders The items published on the Internet Website upon the Notice of Convocation of the 148 th Ordinary General Meeting of Shareholders Notes to Consolidated Financial Statements & Notes to Non-Consolidated

More information

DIGIA PLC Q1 2015: NET SALES AND OPERATING PROFIT INCREASE ON THE BACK OF QT'S VIGOROUS GROWTH (30.9%)

DIGIA PLC Q1 2015: NET SALES AND OPERATING PROFIT INCREASE ON THE BACK OF QT'S VIGOROUS GROWTH (30.9%) DIGIA PLC Q1 2015: NET SALES AND OPERATING PROFIT INCREASE ON THE BACK OF QT'S VIGOROUS GROWTH (30.9%) Summary January-March Consolidated net sales: EUR 25.7 (24.0) million, up 7.1 per cent Operating profit

More information

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Contents Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Paragraphs OBJECTIVE SCOPE 1 3 BENEFITS OF CASH FLOW INFORMATION 4 5 DEFINITIONS 6 9 Cash and cash equivalents 7 9 PRESENTATION OF

More information

Consolidated balance sheet

Consolidated balance sheet Consolidated balance sheet Non current assets 31/12/2009 31/12/2008 (*) 01/01/2008 (*) Property, plant and equipment 1,352 1,350 1,144 Investment property 7 11 11 Fixed assets held under concessions 13,089

More information

HSBC BANK CANADA FIRST QUARTER 2014 RESULTS

HSBC BANK CANADA FIRST QUARTER 2014 RESULTS 7 May 2014 HSBC BANK CANADA FIRST QUARTER 2014 RESULTS Profit before income tax expense for the quarter ended 2014 was C$233m, a decrease of 13.4% compared with the same period in and broadly unchanged

More information

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours)

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours) Cork Institute of Technology Bachelor of Business in Accounting Award Bachelor of Business in Management - Award Instructions Answer FOUR questions Answer all THREE questions in Section A and ONE question

More information

Aalberts Industries increases earnings per share +10%

Aalberts Industries increases earnings per share +10% Aalberts Industries increases earnings per share +10% Langbroek, 26 February 2015 Highlights o Revenue EUR 2,201 million, increase +8% (organic +3.1%) o Operating profit (EBITA) +10% to EUR 247 million;

More information

CONSOLIDATED STATEMENT OF INCOME

CONSOLIDATED STATEMENT OF INCOME CONSOLIDATED STATEMENT OF INCOME 4 th quarter (a) 3 rd quarter 4 th quarter 2009 Sales 40,157 40,180 36,228 Excise taxes (4,397) (4,952) (4,933) Revenues from sales 35,760 35,228 31,295 Purchases, net

More information

UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2015

UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2015 BE SEMICONDUCTOR INDUSTRIES N.V. DUIVEN, THE NETHERLANDS UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2015 Contents Unaudited Condensed Interim Consolidated

More information

INTERIM REPORT Q2 2013

INTERIM REPORT Q2 2013 INTERIM REPORT Q2 2013 April June 2013 Betting turnover: 127,865 KEUR (170,589) Net turnover after trading fees: 502 KEUR (842) Gross margin: 0.39% (0.49) 1 Operating income: -255 KEUR (3) Operating margin:

More information