Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Thursday, February 11, 2010

Next Year Will Be Profitable Year For Green Packet, Says CEO

PETALING JAYA, Feb 11 (Bernama) -- Green Packet Bhd, developer of mobile wireless networking technologies, expects next year to be a profitable year for the company.

Group managing director and chief executive officer Puan Chan Cheong said the company would reach earnings before interest, taxes, depreciation and amortisation (EBITDA) positive this year but still making losses.

"This year will be the key year on the group level which try to be EBITDA positive. Only in 2011, we expect net profit after tax to contribute to the real bottom line," he told a media briefing on its financial results ended Dec 31, 2009 Thursday.

Green Packet has two core businesses -- deployment of WiMAX broadband through its subsidiary, Packet One Networks (M) Sdn Bhd (P1), and development and manufacture of WiMAX communications solutions products.

The company's revenue had increased nearly three-fold to RM235 million in the financial year ended Dec 31, 2009 from RM87 million achieved in the previous year.


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts Plugin for WordPress, Blogger...