Olicom releases full-year 2002 financial results

Olicom recorded a net loss of DKr 18.2m for 2002. The result of primary operations was a loss of DKr 39.5m, of which write-down investments in portfolio companies amounted to DKr 22.8m. The result of discounted business was a profit of DKr 15m, which primarily relates to the termination of lease commitments with lower costs than originally expected and the refund of customs duty. Shareholders equity at year-end was DKr 227m, corresponding to DKr 13.4 per share by the end of 2002.

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