Stock Exchange & Press Releases 2002

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Elektrobit Group Oyj - ELEKTROBIT GROUP PLC'S INTERIM REPORT January 1 - June 30, 2002

August 01, 2002

ELEKTROBIT GROUP PLC'S INTERIM REPORT January 1 - June 30, 2002


- The pro forma net sales for April-June was 35.2 million euros and the pro forma operating profit was 0.8 million euros.
 
- The pro forma net sales for January-June was 66.0 million euros and the pro forma operating profit was -3.3 million euros.
 
- Pro forma operational cash flow was -1.6 million euros.
 
- The official net sales for January - June was 34.5 (39.9) million euros and the operating profit was -11.0 (-10.4) million euros
 
- The Extraordinary Shareholders' Meeting decided to approve the share issue directed to the shareholders of Elektrobit Group Ltd. on May 31, 2002 . The share issue was implemented as share exchange such that as consideration for all the shares in Elektrobit Group Ltd. new shares in JOT Automation Group Plc. were issued in accordance with the parties' agreement for combination signed on April 10, 2002.
 
- The name of JOT Automation Group Plc. was changed to Elektrobit Group Plc.