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Heiler Software publishes figures for the 1st quarter 2009/10
Cost of goods sold for the first quarter 2009/10 decreased from 1.40 million Euro to 1.19 million Euro (-15%) when compared to the corresponding period of the prior year. Operating expenses decreased from 1.80 million Euro to 1.74 million Euro (-3%). Net result of this is a decrease of earnings before interest and taxes from 0.07 million Euro to -0.07 million Euro when compared to the prior year. Interest income, due to the strongly decreasing shortterm market interest level, experienced with 0.04 million Euro a significant lower contribution to operating income when compared to the corresponding period of the prior year. Accordingly, for the first quarter 2009/10 earnings before taxes decreased from 0.17 million Euro to -0.03 million Euro and net income decreased from 0.18 million Euro to -0.05 million Euro.
Liquid funds increased from 14.05 million Euro to 14.30 million Euro when compared to the prior year. Shareholders' equity decreased from 21.29 million Euro to 20.27 million Euro. The equity ratio remains unchanged to the prior year at 90%.
More information and the complete financial report for the first quarter 2009/10 can be found at www.heiler.com.
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