XML 10 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Profit or loss [abstract]        
Revenues $ 25,002 $ 25,448 $ 48,801 $ 48,984
Cost of sales (14,194) (14,629) (27,565) (28,274)
Gross profit $ 10,808 $ 10,819 $ 21,236 $ 20,710
Gross margin % 43.20% 42.50% 43.50% 42.30%
Other operating income $ 24 $ 26 $ 48 $ 49
Research & development expenses (1,419) (1,322) (2,691) (2,651)
Selling, general and administrative expenses (7,358) (7,561) (14,298) (14,588)
Indirect share based payments (329) (130) (763) (380)
Operating profit 1,726 1,832 3,532 3,140
Financial income 196 196 401 373
Financial expenses (1,158) (1,169) (2,317) (2,339)
Net financing expense (962) (973) (1,916) (1,966)
Profit before tax & non-cash items 764 859 1,616 1,174
Income tax expense (158) (176) (290) (275)
Profit after tax before non-cash items 606 683 1,326 899
Non-cash financial (expense) / income (12) 219 (354) 1,249
Profit after tax and non-cash items $ 594 $ 902 $ 972 $ 2,148
Earnings per ADR (US cents) $ 2.8 $ 4.1 $ 4.7 $ 9.8
Earnings per ADR excluding non-cash financial (expense) / income (US cents) 2.9 3.1 6.3 4.1
Diluted earnings per ADR (US cents) [1] $ 6.7 $ 6.8 $ 13.9 $ 11.7
Weighted average no. of ADRs used in computing basic earnings per ADR 20,901,703 21,847,528 20,904,777 21,974,369
Weighted average no. of ADRs used in computing diluted earnings per ADR 26,157,644 27,104,994 26,166,077 27,231,931
[1] Under IAS 33 Earnings per Share, diluted earnings per share cannot be anti-dilutive. In a reporting period where it is anti-dilutive, diluted earnings per ADR should be constrained to equal basic earnings per ADR.