The Artwork Systems Group has announced its financial results for the third quarter ended June 30, 2006. Consolidated revenues amounted to €11.21M, a decrease of 5.14 per cent compared to the third quarter of 2005, and net profit amounted to €2.40M, 33.63 per cent less than in the corresponding quarter. The decrease in net income is said to be mainly driven by the financial loss in the third quarter due to the difference in exchange rates of the USD at balance sheet date at the beginning and end of both quarters. This has a negative impact of €1.21M on pre-tax income.
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