Proha - Financial Statement Release

CORRECTION to Proha Financial Statements (IFRS) January 1 - December 31, 2010

Group Comprehensive Income Statement corrected

Espoo, Finland, 2011-02-17 11:45 CET (GLOBE NEWSWIRE) -- Proha Plc          
Stock Exchange Bulletin              February 17, 2011 at 12.45 p.m. 

Correction to stock exchange bulletin regarding Proha Plc financial statements
released on February 17, 2011 at 8.45 am. The Finnish language version of the
Group Comprehensive Income Statement of the summary of financial statements and
notes had two mistakes in the 2009 financials. 

Share of results in associates, EUR -100 thousand, was mistakenly presented
below operating result, and has now been corrected to be included in the
operating profit. The operating profit in 2009 was EUR 263 thousand instead of
EUR 362 thousand as previously reported. 

In the English translation of the Group Comprehensive Income Statement there
was also a row distribution error, impacting partially both 2010 and 2009
figures. 

The English translation of the Group Comprehensive Income Statement has been
corrected to correspond to the official Finnish language version. 

The correct Group Comprehensive Income Statement is as follows:
GROUP COMPREHENSIVE INCOME STATEMENT
                               10-12    10-12  Change     1-12     1-12   Change
(EUR thousand)                  2010     2009       %     2010     2009        %
NET SALES                     18 551   15 269    21.5   70 776   60 738     16.5
Other operating income           -57      163  -135.2    1 062      208    410.1
Share of results in                0        0                0     -100   -100.0
associates                                                                      
Material and services            -23      -30   -23.5      -85     -156    -45.4
Employee benefits expense    -17 042  -13 623    25.1  -63 798  -55 735     14.5
Depreciation and                -113     -180   -37.1     -532     -650    -18.2
amortisation                                                                    
Impairment                         0     -118  -100.0        0     -118   -100.0
Other operating expenses      -1 100   -1 248   -11.9   -4 052   -3 924      3.3
OPERATING RESULT                 215      232    -7.4    3 370      263  1 183.2
Financing income                 231      411   -43.7      917      887      3.4
Financing expenses              -257     -459   -44.1     -898   -1 240    -27.5
RESULT BEFORE TAX                190      185     2.8    3 389      -90  3 857.2
Tax on income from               -91     -455   -80.0   -1 063     -659     61.2
operations                                                                      
RESULT FOR THE PERIOD             99     -270   136.7    2 326     -749    410.4
Other comprehensive income                                                      
Translation differences          266      376              647    1 593         
Other comprehensive income       266      376              647    1 593         
for the period, net of tax                                                      
TOTAL COMPREHENSIVE INCOME       365      106            2 973      844         
FOR THE PERIOD                                                                  
ALLOCATION OF RESULT  FOR                                                       
THE PERIOD                                                                      
Result attributable to           143     -272            2 373     -871         
shareholders of the parent                                                      
Result attributable to           -43        2              -47      121         
non-controlling interest                                                        
Total                             99     -270             2326     -749         
ALLOCATION OF COMPREHENSIVE                                                     
RESULT FOR THE PERIOD                                                           
Result attributable to           406      104             3013      721         
shareholders of the parent                                                      
Result attributable to           -41        3              -40      123         
non-controlling interest                                                        
Total                            365      106             2973      844         
Earnings/share EUR                                                              
                  Undiluted     0.00     0.00             0.04    -0.01         
                    Diluted     0.00     0.00             0.04    -0.01         
Comprehensive                                                                   
earnings/share EUR                                                              
                  Undiluted     0.01     0.00             0.05     0.01         
                    Diluted     0.01     0.00             0.05     0.01         
ATTACHMENT: Summary of financial statements and notes


More information:

PROHA PLC

Ilkka Toivola, CEO
Tel. +358 (0)20 436 2000
ilkka.toivola@proha.com

www.proha.com


DISTRIBUTION:

NASDAQ OMX Helsinki

Major media

Attachments:

Proha Interim Report Q4_SUMMARY AND NOTES_.pdf