| Penny Blue Association (PBA) News:
 |
2008-12-01
Financials
November Financial Statements
|
Dear Shareholders,
November was quite a good month for PBA as we continued to operate with profit despite slow movements on SL capital markets. During the month we have also opened a headquarter in Dubrovnik, and an office in Zagreb. An official announcement on WSE did not solve our situation since it is still not clear what will happen with companies listed on that exchange. In case of write-off of these assets we are looking at a loss of some L$ 80,000.
Net income totaled to L$ 15.273 out of which L$ 3.000 was paid out in dividends.
Revenues: L$ 33.253
Expenses: L$ 17.980
-------------------
Net Income: L$ 15.273
Detailed financial statements can be found at following links: http://www.pba.ej.am/2008_November.html and/or http://spreadsheets.google.com/pub?key=p2mXoiYcHz2L9GhpXo9UYKA&gid=0
For next month we expect a decrease in net income with possible write-offs of our assets based on WSE.
Best regards,
Munito Jacobus |
|
