Antigua Enterprises Inc. Announces Financial Results for Year Ended Dec. 31, 2003.Business Editors PEORIA Peoria (pēôr`ēə). 1 City (1990 pop. 50,618), Maricopa co., central Ariz., a suburb of Phoenix; settled 1897, inc. 1954. , Ariz.--(BUSINESS WIRE)--March 23, 2004 Antigua Noun 1. Antigua - the largest of the islands comprising Antigua and Barbuda Antigua and Barbuda - a country in the northern Leeward Islands Antiguan - a native or inhabitant of Antigua Enterprises Inc. (Pink Sheets: ANTGF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : ANE) reports financial results for the year ended Dec. 31, 2003. Consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: Statement of Operations See Income statement. for Year Ended Dec. 31, 2003 & 2002 (in U.S. Dollars):
2003 2002
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Sales $40,339,525 $41,162,883
Cost of Sales 25,743,136 26,627,878
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Gross Profit 14,596,389 14,535,005
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Selling Expenses 7,568,277 6,874,412
General and Admin. Expenses 4,440,007 4,215,502
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Operating Expenses 12,008,284 11,089,914
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Income from Operations 2,588,105 3,445,091
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Other Income (Expense):
Interest Expense (1,620,708) (1,964,559)
Other 84,202 87,914
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(1,536,506) (1,876,645)
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Net Income $1,051,599 $1,568,446
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Net Income Per Share $0.03 $0.11
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Weighted Average
Common Shares Outstanding 33,125,082 14,699,722
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