KUALA LUMPUR, 31 August 2005 – Green Packet Berhad, has achieved a profit after tax of RM11.70 million on the back of revenue of RM16.13 million for the six months ended 30 June 2005.
August 31, 2005 (Press Release) --
This represents an increase of approximately 327% for its first half 2005 after tax earnings as compared to its first half 2004 after tax earnings.
This gives a weighted average Earnings Per Share of 4.2 sen per ordinary share of 10 sen each for the first six months of the current financial year.
On a quarterly basis, Green Packet achieved a profit after tax of RM6.68 million on the back of a revenue of RM8.78 million for the quarter ended 30 June 2005. As compared to the preceding quarter ended 31 March 2005, Green Packet achieved an increase of approximately 33% in its after tax earnings.
“The continued improvement in performance is attributed to the successful implementation of the Company’s networking solutions in the China market and the greater contribution from software sales,” said Mr CC Puan, Group Managing Director and Chief Executive Officer of Green Packet.
China sales currently made up 93% of group turnover with the remaining 7% contributed by sales to the US. Sales in Malaysia was not significant during the quarter but this is expected to improve in the second half of the year.
“The Group is in advanced trials and negotiations with several telecommunication operators and device manufacturers in the region. Based on this, we expect the business performance of the Group to continue to be promising,” added Puan.
“We are optimistic of the Group’s performance in the current financial year because net profit in the first six months is already almost as high as the previous year’s 12 months results,” he added.
Green Packet posted a net profit of RM2.93 million for the financial year 2003 and RM11.91 million for the financial year 2004.
About Green Packet Berhad
Green Packet Berhad is a leading global developer of Next Generation Mobile Broadband Networking solutions. Green Packet’s mission is to provide a seamless and unified platform for delivery of user centric multimedia communication and services regardless of the nature and availability of the backbone infrastructure.
Green Packet’s SONaccess, is designed to enable fixed-mobile convergence, WLAN-cellular integration and secure seamless roaming across multiple networks. Its primary feature is the concurrent delivery of all media types – voice, data, and video – to an easy-to-use graphical user interface, independent of location and type of networks.
Green Packet’s SONbuddy is a software that turns each Wi-Fi device into an intelligent router so that they automatically organize a multi-hop self-healing network without the need for an access point or other wireless infrastructure. All the users within this Self Organizing Network (SON) can communicate with each other using the built-in applications like VoIP, Instant Messaging, File Exchange and Screen Sharing.
SONbuddy, named one of the “Top 10 Mobile Technology to Watch For” by the San Jose Mercury News in California, USA, was awarded the Intel Asia Pacific’s Outstanding Solution Provider Award (2004) and named winner of the MSC APICTA 2004 for Best Communication Application.
Please visit www.greenpacket.com for more information.
This gives a weighted average Earnings Per Share of 4.2 sen per ordinary share of 10 sen each for the first six months of the current financial year.
On a quarterly basis, Green Packet achieved a profit after tax of RM6.68 million on the back of a revenue of RM8.78 million for the quarter ended 30 June 2005. As compared to the preceding quarter ended 31 March 2005, Green Packet achieved an increase of approximately 33% in its after tax earnings.
“The continued improvement in performance is attributed to the successful implementation of the Company’s networking solutions in the China market and the greater contribution from software sales,” said Mr CC Puan, Group Managing Director and Chief Executive Officer of Green Packet.
China sales currently made up 93% of group turnover with the remaining 7% contributed by sales to the US. Sales in Malaysia was not significant during the quarter but this is expected to improve in the second half of the year.
“The Group is in advanced trials and negotiations with several telecommunication operators and device manufacturers in the region. Based on this, we expect the business performance of the Group to continue to be promising,” added Puan.
“We are optimistic of the Group’s performance in the current financial year because net profit in the first six months is already almost as high as the previous year’s 12 months results,” he added.
Green Packet posted a net profit of RM2.93 million for the financial year 2003 and RM11.91 million for the financial year 2004.
About Green Packet Berhad
Green Packet Berhad is a leading global developer of Next Generation Mobile Broadband Networking solutions. Green Packet’s mission is to provide a seamless and unified platform for delivery of user centric multimedia communication and services regardless of the nature and availability of the backbone infrastructure.
Green Packet’s SONaccess, is designed to enable fixed-mobile convergence, WLAN-cellular integration and secure seamless roaming across multiple networks. Its primary feature is the concurrent delivery of all media types – voice, data, and video – to an easy-to-use graphical user interface, independent of location and type of networks.
Green Packet’s SONbuddy is a software that turns each Wi-Fi device into an intelligent router so that they automatically organize a multi-hop self-healing network without the need for an access point or other wireless infrastructure. All the users within this Self Organizing Network (SON) can communicate with each other using the built-in applications like VoIP, Instant Messaging, File Exchange and Screen Sharing.
SONbuddy, named one of the “Top 10 Mobile Technology to Watch For” by the San Jose Mercury News in California, USA, was awarded the Intel Asia Pacific’s Outstanding Solution Provider Award (2004) and named winner of the MSC APICTA 2004 for Best Communication Application.
Please visit www.greenpacket.com for more information.
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