AS PENNU COMPUTER TECHNOLOGY GROUP

ANNOUNCEMENT

30.11.98

 

 

COMMENTARY TO THE 1998/99 ECONOMIC YEAR I QUARTER UNAUDITED 

FINANCIAL RESULTS

 

The unconsolidated 1998/99 economic year I quarter net sales of 

AS Pennu Computer Technology Group were 31.9 million EEK, which 

is 13% less than the net sales of 1997/98 economic year’s I 

quarter. 

The unconsolidated gross profit of AS Pennu Computer Technology 

Group was 605 200 EEK, which is 1.8 million EEK less than the 

gross profit of the 1997/98 economic year’s I quarter. The 

gross profit does not reflect the results of AS PCTG subsidiary 

AS PCT Liising (due to the internal audit taking place in the 

AS PCT Liising currently).

The 1998/99 economic year’s I quarter balance sheet volume of 

AS Pennu Computer Technology Group was 85 million EEK, which 

has increased by approximately 3 million EEK, compared with the 

economic year of 1997/98. The current assets totaled 48.6 

million EEK (57% of the balance sheet volume)in the 1998/99 

economic year’s I quarter (1997/98 economic year’s I quarter 

48.6 million EEK, or 42%). Current liabilities decreased by 4 

million EEK, being 44% of the balance sheet volume. Total 

liabilities increased by 2 million EEK (51% of the balance 

sheet volume).

 

 

Indexes:		1996/97 I quarter	1997/98 I quarter

 

Gross profit  margin		6,7%			1,9%

Net profit margin		4,8%			-2%

 

Gross profit margin:	Gross profit / net sales

Net profit margin:	Profit / revenues

 

Earnings per share:		1,54			0,37

 

 

 

Raivo Pavlov

AS Pennu Computer Technology Group 

Chairman of the Management Board

Tel. +372 6 505 402