Article: CDC: CDC -- Audited results for the year ended 31 December 1998.

M2 PRESSWIRE-30 March 1999-CDC: CDC -- Audited results for the year ended 31 December 1998 (C)1994-99 M2 COMMUNICATIONS LTD

RDATE:260399

* CDC is an active investor in emerging market economies expecting to move into the private sector as a Public Private Partnership (PPP)

* Revenue GBP 147m (1997: GBP 158m)

* Operating surplus GBP 110m (1997: GBP 132m)

* Provisions up to GBP 155m (1997: GBP 55m)

* Deficit after tax and provisions of GBP 42m (1997: GBP 64m surplus)

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