PRELIMINARY INFORMATION OF INCAP’S FINANCIAL RESULTS DURING THE SECOND QUARTER

Stock Exchange Release, 12 July 2004 at 10.30 a.m.

Incap Corporation’s net turnover during the second quarter amounted to about EUR 18 million, meaning an increase of about 25% in comparison with the corresponding period in 2003.

 
The operating profit for the second quarter amounted to about EUR 0.3 million. Due to the different turnover structure, the operating profit remained against previous estimate behind the level of the first quarter (Jan-Mar 2004: EUR 0.6 million). The operating profit was higher by EUR 0.9 million compared with the corresponding period in 2003 (Apr-Jun 2003: EUR 0.6 million negative).
 
The net turnover for the first half of 2004 was about 25% higher than in the corresponding period in 2003. The operating profit of January – June grew by about 170% compared with the corresponding period in 2003.
 
The above figures for 2004 are unaudited. Incap will publish its interim report for the second quarter of 2004 on Wednesday, 11 August 2004.
 
INCAP CORPORATION
 
Juhani Hanninen
President and CEO

 



For further information, contact:
Juhani Hanninen, President and CEO, tel. +358 (0)50 556 7199
Tuula Ylimäki, Chief Financial Officer, tel. +358 (0)40 347 2025
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 (0)40 504 8296


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