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Pacnet auf Kurs

Negativ: Weiterhin Verluste (aber im Rahmen)
Positiv: Endlich mal wieder Umsatzsteigerung von 37%

Fazit: Abwarten und teetrinken


PacNet Q2 net loss widens on year

SINGAPORE, Aug 14 - Singapore-based Internet service provider Pacific Internet Ltd said on Tuesday it posted a second quarter net loss of US$3.1 million, compared to a loss of US$2.9 million a year ago.

PacNet reported a net loss of S$6.0 million in its three months to March 31.

``The main reason for that slight widening is actually due to the writedown of assets of US$1.8 million,`` group finance director Nancy Tan said during a conference call, adding that these were telephony assets used for its international direct dial business (IDD).

``The IDD market is highly marginalised with a lot of competitors...a more efficient way perhaps is for us to partner with another teleco to offer the service, so as such we decided to write-out the assets,`` president and chief executive officer Tan Tong Hai said.

He declined to reveal specific details about its partner.

Net revenues rose 37 percent to US$20 million for the three months to June 30, due mainly to a strong take-up rate for its corporate broadband service in the region, specifically in Singapore, Hong Kong and Australia.

The firm, which posted a net cash surplus of US$1.3 million on year, was on track to reach profitability by the end of next year, Tan said.

PacNet`s shares closed at US$2.75 on Monday in New York.
aus der Diskussion: Pacific Internet - Die Zahlen sind da
Autor (Datum des Eintrages): Reiners  (14.08.01 12:55:02)
Beitrag: 1 von 14 (ID:4196869)
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