Smit Expects Higher Profits

Thursday, February 10, 2005
Smit Internationale N.V. expects that the net profit for 2004 will exceed the EUR 21 million as indicated by the company earlier this year.

The net profit of 2004 will be in line with the result of 2003 being EUR 27 million.

This higher result is mainly due to lower tax pressure and lower interest charges.

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