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euNetworks Group Ltd Announces Correction To CEO’s Statement For Third Quarter Ended September 30, 2013

Friday, 15 Nov 2013 05:33am EST 

euNetworks Group Ltd announced that it wish to make a correction to the Company’s announcement (no. 00145) of its unaudited results for the third quarter ended September 30, 2013 (the results announcement) released on November 7, 2013 and note the following: In the CEO’s statement on page 3 of the results announcement for the quarter ending September 30, 2013, the Group stated all revenues were recurring in the quarter. On further review, it has been noted that, of the EUR24.1 million total revenue, EUR0.3 million represented one-off sales and therefore non-recurring revenue. Recurring Revenue for the quarter ended September 30, 2013 was therefore EUR23.8 million compared to EUR24.1 million in third quarter 2012 and for the nine month period to September 30, 2013, was EUR73.1 million, 4% higher than the same period in 2012. There are no other changes to the CEO’s statement and no changes to the financial statements within the results announcement. 

Company Quote

19 Dec 2014