S Telecom nine-month financial statement
TS Telecom Ltd TOM
Shares issued 20,055,005 Mar 6 close $3.44
Tue 7 Mar 2000 Financial Statements
CONSOLIDATED STATEMENT OF OPERATIONS
Nine months ended Dec. 31
(thousands of dollars)
1999 1998
Income
Gross sales $ 13,476 $ 18,955
Cost of sales 3,625 10,682
-------- --------
Gross profit 9,851 8,273
Share of earnings
of equity
investment 92 483
Sundry and
interest income 867 129
-------- --------
10,810 8,885
-------- --------
Expenses
General and
admin 6,175 6,216
Research and
development 252 309
Depreciation and
amortization 186 162
Interest 22 35
-------- --------
6,635 6,722
-------- --------
Income before other
item, tax and
minority interest 4,175 2,163
Other item
Dilution gain on
issuance of
shares of a
subsidiary 10,242 -
-------- --------
Income before
tax and
minority interest 14,147 2,163
Provision for
(recovery of)
taxes
Current (460) 145
-------- --------
Income before
minority interest 14,877 2,018
Minority
interest 1,804 -
-------- --------
Net income
for the period $ 13,073 $ 2,018
======== ========
Earnings per
share 0.65 0.10
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