Posted - 2006.05.31 16:11:00 - [1]

 

Edited by: Hector D''Arnes on 31/05/2006 16:16:34
It is the end of the month and time for the first ever P-TEC dividend.

* Our new website is still not operational, something I take full responsibility for. Consequently, P-TEC will not keep its 10% management fee this month, and the isk from this will be added to the dividend pot and distributed to shareholders.

Sales have gone extemely well, higher than expected. A lot of personal selling is needed to sell Claymores and a lot of hard work has been put into this. The numerous unscheduled downtimes have made production a little difficult. A combination of luck and planning has meant that production downtime was minimised.

Now, the bit you all want to hear about. The dividend for this month will be approx 1.29 million isk per share. I have prepared something similar to a Profit & Loss account showing where this came from. Its not perfect, but it should give you a rough idea of where the profit came from. It was quite difficult to track all of this and it took some time to compile all the numbers. Anyway, here is my attempt at a P&L statement for the month of May 2006.



Million ISK
Income from sales 5951
Total ship sales (qty) 37
Average retail value 160.84

Less: Costs
Materials costs 2287

Gross Profit 3664

less: expenses
10% management fee* 0.00
selling taxes 48.27
factory costs 1.37
49.64

Net Profit 3614.36

Total Shares 2800
Initial Share cost 10.00
Dividend per share 1.29 1,290,844.28 isk
Return per share 0.13 12.90%


A test dividend of 2800 isk will be issued first as it seems there is an issue with the correct number of shares displaying on the corporation information screen. The 3.6 billion isk dividend will then be paid.

Thanks again to everyone who invested, and thanks for having patience while we iron out a few issues with regards to communication.


Hector