Thrane & Thrane Release Annual Report

The Board of Directors of Thrane & Thrane has approved the annual report for the year 2002/03. The annual report shows that Thrane & Thrane in the financial year ended April 30, 2003, achieved increased revenue with 28 percent to $96.6M. Their operating profit increased with 93 percent to $13M. Net profit for the year increased with DKK 28 million to DKK 54 million. For the financial year ending April 30, 2004, Thrane & Thrane expects revenue of around DKK 620-640 million and operating profit of around DKK 80-90 million.