Research (Investicniweb.cz)
Czech markets  |  August 16, 2012 13:53:39

The results of KIT digital, or shares, welcome under 60 crown



KIT digital in the second quarter sales increased U.S. $ 51.1 million (before USD 45 million). Expected to be above 60 million shares in the U.S. response in after-market was therefore logical (around -5%). The operating loss widened to 18.2 million USD, includes in itself but the cost of bad debt for U.S. $ 6.5 million and legal expenses of about 3.8 million USD. The results of KIT digital, and the views comments brokerjet broker Ales Jandejsek MS.

The total loss in the second quarter of 2012 was 102.6 million USD ($ 1.99 per share). This course includes the amortization of goodwill, the effects of changes in the company and mergers and acquisitions for approximately 56 million USD. Therefore, net loss was 36 cents per share when the expected 37 cents.

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