Metis Capital Ltd.
METIS CAPITAL LTD. ANNOUNCES 9M-2009 FINANCIAL RESULTS
Metis Capital Ltd. / Quarter Results 01.12.2009 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- METIS CAPITAL LTD. ANNOUNCES 9M-2009 FINANCIAL RESULTS Total Revenues: NIS 266.3 million; Gross Profit: NIS 15.1 million; Net Loss: NIS 26.1 million Tel Aviv/Israel; December 1, 2009 - Metis Capital Ltd. (Prime Standard: EIC; TASE: MTSC) announces its consolidated interim financial statements for the first nine months of fiscal year 2009. Total revenues of the consolidated Company in the first nine months of 2009 amounted to NIS 266.3 million, compared to NIS 378.2 million in the same period of 2008. Of the total revenues, NIS 254.3 million were derived from the sales of cars and spare parts, compared to NIS 372 million in 2008. The decrease is mainly due to a drop in the selling cars. NIS 6.8 million were derived from rental income (9M 2008: NIS 4.7 million), NIS 1.5 million were derived from business consulting services (to Japan Auto) and NIS 3.6 million were derived from hotel operations. The gross profit of the consolidated company in the first nine months of 2009 amounted to NIS 15.1 million, compared to NIS 63.8 million in the same period of 2008. The operating profit (loss) of the consolidated company in the first nine months of 2009 amounted to NIS (16.1) million, compared to NIS 33 million in the same period of 2008. The financing expenses (net) of the consolidated company in the first nine months of 2009 amounted to NIS 20.1 million, compared to NIS 34.5 million in the same period of 2008. The net loss from continued operations of the consolidated company in the first nine months of 2009 amounted to NIS 24.1 million, compared to NIS 7.2 million in 2008. The current assets of the consolidated Company as of September 30, 2009 amounted to NIS 363.2 million, compared to NIS 261 million by the end of 2008. The non current assets of the consolidated Company as of September 30, 2009 amounted to NIS 752.2 million, compared to NIS 306.6 million by the end of 2008. The current liabilities of the consolidated Company as of September 30, 2009 amounted to NIS 406.8 million, compared to NIS 162.3 million by the end of 2008. The long term liabilities of the consolidated Company as of September 30, 2009 amounted to NIS 531.2 million, compared to NIS 313.6 million by the end of 2008. The equity of the consolidated Company as of September 30, 2009 amounted to NIS 187.7 million (includes non controlling interests- NIS 116.9 million) compared to NIS 96.4 million by the end of 2008. Most of the changes in balance sheet derive from the business combination with Petro Group as of 30 September 2009. For further information, please contact: Metis Capital Ltd. Ilan Engel, CFO Phone: +972-3-537-3000 E-mail: investor@metis-capital.com Kirchhoff Consult AG Janina Wismar Phone: +49-40-609 186-50 E-mail: janina.wismar@kirchhoff.de Contact: Metis Capital Ltd. Ilan Engel, CFO Phone: +972-3-537 3000 E-mail: ilan@metis-capital.com Janina Wismar Investor Relations Phone: +49-40-60918650 E-mail: janina.wismar@kirchhoff.de 01.12.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Metis Capital Ltd. 30 Hamasger Street 61090 Tel-Aviv Israel Phone: +972 (03) 537-3000 Fax: +972 (03) 537-4000 E-mail: investor@metis-capital.com Internet: www.metis-capital.com ISIN: IL0003570129 WKN: 936734 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Düsseldorf, Stuttgart, Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------
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