EuroCom Release Financial Results for First Half of 2003
EuroCom Industries (ECI) improved its earnings capacity in H1 2003. Revenue totalled DKK 191 million (+4%) and EBIT was DKK 23 million, up from a loss of DKK 4 million in H1 2002. Profit before tax was DKK 20 million, up from a loss of DKK 10 million last year. The results are in line with ECI's forecasts and, in spite of rather difficult market conditions, performance was in line with the company's plans. Profit before tax for 2003 is expected to be DKK 25-35 million. At its ordinary meeting held today, the Board of Directors of EuroCom Industries A/S (ECI) considered and adopted the company's financial statements for the six months ended 30 June 2003. The interim financial statements are unaudited.
Norden Reports Holding of Own Shares
Steve Krabbe, the president of Norden A/S, in connection with senior staff’s utilization of share options, announced that the company has sold 23,890 of shares of DKK 20.00. The company’s holding of own shares is now 95,900 shares of DKK 20.00 corresponding to 4.16 percent of the share capital. On March 15, Norden reported in the Annual Report 2003 that the holding of own shares was 119,790 shares of DKK 20.00 corresponding to 5.2 percentof the share capital.
