Ignis Petroleum Group Income Statement

Financials in millions USD. Fiscal year is July - June.

Millions USD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005
Period Ending	Jun '08 Jun 30, 2008	Jun '07 Jun 30, 2007	Jun '06 Jun 30, 2006	Jun '05 Jun 30, 2005
Revenue	2.1	1.41	0.55	-
Revenue Growth (YoY)	48.63%	154.93%	-	-
Cost of Revenue	0.32	0.12	0.03	-
Gross Profit	1.78	1.29	0.52	-
Selling, General & Admin	2.03	2.58	4.1	0.43
Other Operating Expenses	0	0.02	-	-
Operating Expenses	2.33	4.26	9.74	0.6
Operating Income	-0.55	-2.97	-9.22	-0.6
Interest Expense	-0.89	-1.81	-0.3	-0.04
Interest & Investment Income	0	-	-	-
Other Non Operating Income (Expenses)	0.05	5.13	-1.12	-
EBT Excluding Unusual Items	-1.39	0.34	-10.64	-0.64
Gain (Loss) on Sale of Assets	0.09	-	-	-
Pretax Income	-1.3	0.34	-10.64	-0.64
Net Income	-1.3	0.34	-10.64	-0.64
Net Income to Common	-1.3	0.34	-10.64	-0.64
Shares Outstanding (Basic)	57	51	48	41
Shares Outstanding (Diluted)	57	59	48	41
Shares Change (YoY)	-3.62%	23.03%	17.13%	-
EPS (Basic)	-0.02	0.01	-0.22	-0.02
EPS (Diluted)	-0.02	0.01	-0.22	-0.02
Free Cash Flow	-0.11	-1.46	-5.62	-2.96
Free Cash Flow Per Share	-0.00	-0.03	-0.12	-0.07
Gross Margin	84.88%	91.51%	93.83%	-
Operating Margin	-26.27%	-210.64%	-1666.14%	-
Profit Margin	-62.09%	24.40%	-1923.59%	-
Free Cash Flow Margin	-5.18%	-103.28%	-1015.23%	-
EBITDA	-0.25	-1.29	-3.58	-0.43
EBITDA Margin	-11.90%	-91.68%	-	-
D&A For EBITDA	0.3	1.68	5.63	0.16
EBIT	-0.55	-2.97	-9.22	-0.6
EBIT Margin	-26.27%	-210.64%	-	-
Revenue as Reported	2.1	1.41	0.55	-
Advertising Expenses	-	0.16	0.22	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.