AS PENNU COMPUTER TECHNOLOGY GROUP

ANNOUNCEMENT

31. 12. 1998.a.

 

 

COMMENTARY TO THE 1998/99 ECONOMIC YEAR CONSOLIDATED I QUARTER 

UNAUDITED FINANCIAL RESULTS

 

The consolidated 1998/99 economic year I quarter net sales of AS 

Pennu Computer Technology Group were 40.45 million EEK. 

The consolidated gross profit of AS Pennu Computer Technology Group 

was 175 790 EEK, including the affiliated group’s profit of 73 015 

million EEK and minority interest profit of 77 243 million EEK.

The gross profit of AS Pennu Computer Technology Group does not 

reflect the 454 945 million EEK 1998/99 I quarter loss of AS PCTG 

subsidiary AS PCT Liising, which was also not reflected in the 

quarterly results disclosed on 30.11.98.

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

volume of AS Pennu Computer Technology Group was 160.9 million EEK, 

which has decreased by approximately 3 million EEK, compared with the 

consolidated balance sheet volume of the 1997/98 economic year. 

The consolidated current assets of AS Pennu Computer Technology Group 

totaled 69.5 million EEK (43% of the balance sheet volume)in the 

1998/99 economic year’s I quarter (1997/98 economic year’s I quarter 

result was 70 million EEK, or 42.8%). Current liabilities decreased 

by 4 million EEK, being 44% of the balance sheet volume. Total 

liabilities stayed at the same level (43.6% of the balance sheet 

volume in 1997/98).

 

 

Indexes:		1996/97 econ. year	1997/98 I quarter

 

Gross profit margin:		2,32 %			0,43 %

Net profit margin:		3,88 %			2,4 %

 

Gross profit margin:	Gross profit / net sales

Net profit margin::	Profit / revenues

 

 

 

 

Lembit Abileid

AS Pennu Computer Technology Group 

Tel. +372 650 5402