Subject:
Stockwatch: European Technologies International Inc - Financial Statements
Date:
Tue, 06 Jan 1998 08:03:19 -0800
From:
newsout@canada-stockwatch.com
To:
edpak@georgian.net
European Technologies International Inc ETR
Shares issued 45,188,178 Jan 5 close $0.11
Tue 6 Jan 98 Financial Statements
STATEMENT OF EARNINGS
Year ended June 30
1997 1996
Revenue $ 352,803 $ 898,945
----------- -----------
Operating
expenses
Administration 256,895 398,915
Consulting 105,515 69,473
Depreciation and
amortization 735,976 483,608
Development 232,997 205,521
Dividends on
preferred series
D shares 5,960 23,840
Finance 40,352 2,602
Foreign exchange 7,220 16,385
Marketing 357,411 426,389
Occupancy 78,787 78,932
Professional fees 44,054 85,846
Public company
costs 38,324 67,760
----------- -----------
1,903,491 1,859,271
----------- -----------
Loss from
continuing
operations (1,550,688) (960,326)
Discontinued
operations - (402,502)
----------- -----------
Net loss $(1,550,688) $(1,362,828)
=========== ===========
Loss per share $(0.03) $(0.02)
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