GREEN PACKET RECORDS POSITIVE EBITDA OF RM3.9 MILLION IN Q1
P1 surges ahead with first full quarter positive EBITDA of RM3.3 million
- Group EBITDA grew to RM3.9 million with P1 Pillar EBITDA contributing RM3.3 million.
- Group EBITDA margin rose 153% Y-o-Y.
- P1’s broadband market share increased steadily from 6.9% (end 2010) to 8% (end 2011).
KUALA LUMPUR, 23 May 2012 : Green Packet Berhad (the Group) today reported its first quarter financial results for 2012 with an improved Group EBITDA of RM3.9 million, a 153% jump of Year-on-Year. Most importantly, its P1 pillar contributed approximately 85% (RM3.3 million) to the Group’s total EBITDA. The Group’s positive earnings for this quarter are backed by continuous revenue growth through an increased subscriber base, coverage area expansion and stringent cost management.
The Group’s revenue as of 31 March this year increased by 5% Year-on-Year to RM128 million. The Greenpacket Solutions pillar contributed RM22 million and the P1 pillar posted a new high of RM85 million.
“The Group’s latest results and in particularly the positive financial performance of its P1 pillar, is an important milestone for us. While in the competitive environment of the telecommunication industry, it usually takes 5 years for a company to achieve such positive results, it only took us less than 4 years. This shows that we are on the right track,” said Mr. Puan Chan Cheong, Group Chief Executive Officer and Group Managing Director of Green Packet.