STOCKHOLM, Sweden, Feb. 11, 2003 (PRIMEZONE) -- Ecovision shows strong operating results despite the difficult market conditions.
- Turnover year 2002 increased by 9 % to SEK 64.4 Million, compared with SEK 59 Million year 2001.
- Operating profit year 2002 was SEK 8.6 Million, compared with SEK 9 Million year 2001.
- In June 2002, Ecovision acquired the Stardesk and Starweb services from the Finnish Sanoma group. The business in Finland is developing as expected.
- A SEK 5.2 Million write-off, i.e. down to the net worth of Ecovisions shares in ShareCompany, was due to the poor financial performance of ShareCompany in 2002, posted at year-end.
- Profit after financial items year 2002 was SEK 4.6 Million, compared with SEK 10.3 Million year 2001.
- Earnings per share after tax amounted to SEK 1.27 (5.18)
- Ecovision has no interest-bearing debts and its cash and bank balances increased to SEK 37.1 Million (35.6)
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