Metis Capital Ltd. / Half Year Results
29.08.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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METIS CAPITAL LTD. ANNOUNCES 6M-2008 FINANCIAL RESULTS
Total Revenues: 46.5 million; Gross Profit: 7.7 million; Net Loss:
9.4 million
Tel Aviv/Israel; August 29, 2008 Metis Capital Ltd. (Prime Standard: EIC;
TASE: MTSC) announces its consolidated interim financial statements for the
first six months of fiscal year 2008.
Total revenues of the consolidated company in the first six months of 2008
amounted to 46.5 million, compared to 53.0 million in the same period
of 2007. Of the total revenues, 45.7 million were derived from the sales
of cars and spare parts (6M-2007 52.5 million), 0.6 million were
derived from rental income (6M-2007 0.4 million), 0.2 million were
derived from business consulting services (to Japan Auto) compared to 0.1
million in the same period of 2007.
The gross profit of the consolidated company in the first six months of
2008 amounted to 7.7 million, compared to 9.2 million in the same
period of 2007. The selling and marketing expenses of the consolidated
company in the first six months of 2008 amounted to 1.7 million, compared
to 1.3 million in the same period of 2007. The increase is mainly due to
advertising campaign made by Japan Auto.
The loss before income taxes of the consolidated company amounted to 1.1
million, compared to a proft of 4.7 million in the same period of 2007.
The net loss of the consolidated company in the first six months of 2008
amounted to 9.4 million, compared to a net profit of 2.2 million in the
same period of 2007.
The liquid assets (cash, cash equivalent short term investments and
restricted deposit) of the consolidated Company as of June 30, 2008
amounted to 21.1 million, compared to 29.1 million by the end of 2007.
This decrease derives mainly from the decrease in cash and cash equivalent
and in short term investments at Japan Auto.
The complete financial report is available for download on the corporate
website:
www.metis-capital.com
For further information, please contact:
Metis Capital Ltd.
Yaakov Dovrat, CFO
Phone: +972-3-537-3000
E-mail: investor@metis-capital.com
Kirchhoff Consult AG
Janina Wismar
Phone: +49-40-609 186-50
E-mail: janina.wismar@kirchhoff.de
Contact:
Metis Capital Ltd.
Yaakov Dovrat, CFO
Phone: +972-3-537 3000
E-mail: yaakov@metis-capital.com
Janina Wismar
Investor Relations
Phone: +49-40-60918650
E-mail: janina.wismar@kirchhoff.de
DGAP 29.08.2008
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Language: English
Issuer: Metis Capital Ltd.
30 Hamasger Street
61090 Tel-Aviv
Israel
Phone: +972 (03) 537-3000
Fax: +972 (03) 537-4000
E-mail: investor@metis-capital.com
Internet: www.metis-capital.com
ISIN: IL0003570129
WKN: 936734
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: Metis Capital Ltd. ANNOUNCES 6M-2008 FINANCIAL RESULTS
| Source: EQS Group AG