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Technology Stocks : ULTK-Ultrak

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To: Stephen O who wrote (378)5/22/1998 1:53:00 PM
From: Chris Baker  Read Replies (1) of 393
 
Agree: Silent Witness Announces Third Quarter Results
VANCOUVER, May 22 /CNW-PRN/ - Silent Witness Enterprises Ltd. (SWE.VSE)
is pleased to announce its unaudited financial results for the third quarter
ending April 30, 1998. Revenues increased by 78% to $5,404,113 (CDN) from the
same period last year. This brings total sales for the first nine months to
$14,438,864, compared to $8,906,627 in fiscal 1997.
Earnings before income taxes increased by 184% from the same period one
year ago to $837,434 (CDN). During the previous fiscal year the Company's
earnings were in a non-taxable position; therefore net income of $495,707
(after taxes) for this quarter represents a 68% increase compared to the same
quarter last year.
Basic earnings per share are $0.09 (CDN) and fully diluted $0.075 for
this quarter. This brings year to date basic EPS to $0.24 and fully diluted
EPS to $0.20 (CDN).

Financial Highlights for Third Quarter Ending April 30, 1998
------------------------------------------------------------

3 months to April 30, 1998 Year Ago
----------------------------------------------------------------------
Revenue $ 5,404,113 $ 3,042,778
EBIT $ 837,434 $ 295,285
Net Income $ 495,707 $ 295,285
Basic EPS $ 0.09 $ 0.06
Fully Diluted EPS $ 0.075 $ 0.05

9 Months to April 30, 1998 Year Ago
----------------------------------------------------------------------
Revenue $14,438,864 $ 8,906,627
EBIT $ 2,124,782 $ 765,666
Net Income $ 1,301,657 $ 765,666
Basic EPS $ 0.24 $ 0.155
Fully Diluted EPS $ 0.20 $ 0.12

Silent Witness Enterprises Ltd. is a Surrey, B.C. based technology
company that produces innovative surveillance cameras for global markets.
Approximately 85% of its sales come from established distribution channels in
the United States and Western Europe. For further information on Silent
Witness, visit our website at silent-witness.com or call
1-800-877-2407.

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