Today, the Supervisory Board has considered and approved the annual report of
RTX Telecom A/S for the financial year 2006/07 for the period 1 October 2006 to
30 September 2007.
The net profit/loss for the year is more negative than expected because of
extraordinary provisions to cover loss on a debtor
- In connection with closing and preparation of the annual report for 2006/07
the Group has decided to make provisions of DKK 30.0 million to cover loss on a
Romanian customer.
- Operating profit/loss (EBIT) before the above provisions amounts to a
negative DKK 68.7 million which is within expectations announced in May 2007.
- After extraordinary provisions operating profit/loss (EBIT) amounts to a
negative DKK 98.7 million compared to a negative DKK 63.0 million last year.
- The Group's cash and current asset investments amount to DKK 115.7 million at
30 September 2007 which is an increase of DKK 8.8 million compared to the same
time last year.
- During the year, RTX Telecom has sold its shares in LitePoint Corporation.
The share sale resulted in a positive impact on RTX Telecom's financial income
of DKK 72.6 million.
- Net turnover has decreased by 24.2% and amounts to DKK 216.1 million compared
to DKK 285.1 million in 2005/06.
- Profit/loss before tax amounts to a negative DKK 30.3 million compared to a
negative DKK 64.5 million in 2005/06.
- Profit/loss after tax amounts to a negative DKK 47.3 million compared to a
negative DKK 64.7 million in 2005/06.
Prospects for the financial year 2007/08
- Management expects net turnover of DKK 240 - 300 million and operating
profit/loss (EBIT) in the range from a negative DKK 30 million to DKK 0 million
in the financial year 2007/08.
