Kyro's net sales and profit continued to grow in january-june 2001
KYRO'S NET SALES AND PROFIT CONTINUED TO GROW IN JANUARY-JUNE 2001 - Net sales FIM 455.9 (EUR 76.7) million, up 33% - Profit before extraordinary items FIM 43.8 (EUR 7.4) million, up 28% - Earnings per share doubled to EUR 0.12 (0,06) - Strong financial position, end of June equity ratio 82.0% - Order book at end of June FIM 475.1 (EUR 79.9) million, up 19% - Net sales and operating profit estimated to grow from 2000 to 2001 On 31 March 2001 Kyro demerged into new Kyro and Tecnomen Holding. The first official accounting period of the present Kyro Corporation is from 31 March to 31 December 2001. Due to changes in group structure, the figures shown in this interim report are mostly given as Pro Forma figures, where Tecnomen Group figures and the impact of the profit on the sale of Tecnomen shares, booked by Kyro Corporation in 2000, have been excluded. The present Kyro Group comprises the parent company Kyro Corporation, Tamglass Group - the world market leader in safety glass machines, and Kyro Power Oy - the environmentally friendly energy producer. NET SALES AND PROFIT IN JANUARY-JUNE Net sales of Kyro Group in the period January-June grew, compared with the corresponding period of the previous year, by one third and amounted to EUR 76.7 (57.5) million. Operating profit for the period was EUR 9.2 (8.4) million, growth 9%. Net financial items for January-June amounted to EUR -1.8 (-2.6) million. This includes interest and dividend income EUR 1.6 (1.7) million, as well as realised and unrealised exchange rate losses of securities EUR 3.4 (4.3) million. Profit before extraordinary items for the period grew by about 28% and amounted to EUR 7.4 (5.8) million. Taxes entered for the period were EUR 2.7 million. Profit for the period was EUR 4.6 (2.5) million. Earnings per share were EUR 0.12 (0.06). ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/16/20010816BIT00020/bit0003.doc The full report http://www.waymaker.net/bitonline/2001/08/16/20010816BIT00020/bit0003.pdf The full report