Hamilton, Bermuda, March 15, 1999 - Island Press (Holdings) Ltd. today reported a financial loss for the year ended September, 1998 of $402,922.
Below is the audited summary of the consolidated statement of operations for the years ended September 30th, 1998/1997 in Bda$ 000's.
Sales $8,684 / $7,475
Cost of Sales $5,351 / $4,425
Expenses $3,705 / $3,107
Loss from Operations $371 / $57
Interest & Finance Charges $144 / $164
Rental & Other income $113 / $127
Net Loss $402 / $95
Net Loss per share ($0.91) / ($0.28)