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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy) -- Ignore unavailable to you. Want to Upgrade?

To: Saverio who wrote (750)	4/29/1999 5:20:00 PM
From: Cameron Schuler	Read Replies (1) \| Respond to of 1208

Hello Saverio, The 4th quarter of fiscal '98 had a decrease in earnings for a number of reasons. The main one being the provision for future income taxes of $343,000. The other items were an allowance for bad debts, which at the end of FY'98 TCT didn't have and numerous other items which the Auditors requested. The second quarter of FY'99 was mainly due to relocation costs and the recognition of taxes payable. Hope this helps, Cameron