Net financing cost
has reduced by 11 per cent over the first half of 2013 due payment of regular loan instalments.
The early settlement of a R1,3 billion loan, together with other loan redemptions ahead of time, resulted in the net financing cost
for the year being reduced by R1,462 billion, a decrease of 28 percent when compared to that of the previous year.
Included in the net financing cost
is net interest expense which increased by $33 million to $296 million for the three months ended June 30, 2007, as compared to $263 million for the three months ended March 31, 2007.
352 Financial income from cash activities 117 199 291 Financing expenses (4) (4) (8) Net financing cost
113 195 283 Other financing income / expenses (150) 405 560 Profit before tax 308 2,069 4,195 Income tax expenses (115) (515) (1,134) Profit from operations 193 1,554 3,061 Minority interest 0 0 0 Net income / (loss) - Group's share 193 1,554 3,061 1er 1st semester semester Earning / (loss) per share 2006 2005 Year 2005 (6 month) (6 month) On the basis of the average number of shares in circulation: - Number of common shares 9,903,610 9,833,695 9,848,095 - Euros per share 0.
Moving down the income statement, net financing costs
6 million customers, enhanced mobile Internet usage, the implementation of greater operating efficiencies throughout the business and lowered net financing costs
and resulted a further 15 percent reduction in net loss".
Net financing costs
were 34mn lira in the first quarter compared to net financing income of 160mn lira a year earlier.
The company, which runs an industrial free zone on the outskirts of Dubai, incurred net financing costs
SG&A added 16% YoY in dollar terms while flat gross debt and increasing net financing costs
(due to BEF losing $70mn in cash over the year) drove its net loss to $42mn.
4% increase in earnings before depreciation and amortisation, net financing costs
, income tax and specific non-recurring expenses for the three months to 31 March 2011.
Net financing costs
will be higher but we are confident of good progress in earnings for the full year.
The result was burdened by net financing costs
, which were some EUR400,000 higher than in the corresponding period last year.