TS Telecom year-end results
TS Telecom Ltd TOM
Shares issued 20,055,005 Sep 17 close $0.65
Mon 20 Sept 99 Financial Statements
CONSOLIDATED STATEMENT OF OPERATIONS Year ended March 31 (in thousands of
dollars) 1999 1998 Income Gross sales $20,889 $25,653 Cost of sales 11,348
15,501 ------- ------- Gross profit 9,541 10,152 Share of earnings of
equity investment 423 733 Sundry and interest income 148 155 -------
------- 10,112 11,040 ------- ------- Expenses General and administration
7,819 7,956 Research and development 608 310 Depreciation and amortization
190 264 Interest 46 24 ------- ------- 8,663 8,554 ------- ------- Income
before income taxes 1,449 2,486 Provision for income taxes -- current (267)
(205) ------- ------- Net income for the year $ 1,182 $ 2,281 =======
======= Earnings per share 59 cents 11.4 cents
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