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Ad hoc-Service: OTI On Track Innovations <OT5 > Ad hoc-announcement edited and sent by DGAP. The sender is responsible for the contents of this announcement. ------------------------------------------------------------------------------ OTI Shows a Revenue Increase of 320% Rosh-Pina, Israel, August 28, 2000. OTI (WKN 924 895), a pioneer in contacless microprocessor-based smart card technology, announces today its financial results for the first six months of the year 2000. An increase in both revenues and gross profit were noted. The revenues in the first half of this year grew 320% in comparison with the same period in 1999, from $ 1.889 million for the six months ending June 30, 1999 to $ 6.051 million for the six months ending June 30, 2000. The gross profit in the first six months grew 335%, in comparison with the same period in 1999, from $ 1.058 million to $ 3.574 million, for the six months ending June 30, 2000. Research & Development expenses increased 190%, from $ 0.652 million, for the six months ending June 30, 1999 to $ 1.262 million, for the six months ending June 30, 2000 - while marketing expenses rose 360% from $ 0.987 million to $3.588 million in the same period. The increased expenses in research & development and the growing costs of Marketing contributed to the net loss. The net loss in the first six months ending June 30, 2000, grew 210% in comparison with the same period, from $ 1.358 million to $ 2.857 million. For information, visit our website: http://www.oti.co.il Or contact: Eden Lev, IR&PR manager: Tel: +972-6-6938884 Fax; +972-6-6938887: e-mail: eden@oti.co.il End of Message |
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| aus der Diskussion: | Infos zu OTI - ungepusht / ungebasht :-) |
| Autor (Datum des Eintrages): | tantor (28.08.00 09:02:03) |
| Beitrag: | 71 von 514 (ID:1674397) |
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