Kuala Lumpur , Thursday, August 13, 2009: The Green Packet Group of Companies (the Group) today announced its Q2 2009 that firmly reflects the Group’s projections of recovery in its revenue and business.
The Group’s revenue has seen an increase of 36.1% from 41.5million to RM56.5million in Q2 2009 compared to Q1 200 9. However, the Group sees a slight increase in its operational cost due to its investment in Packet One Networks ( Malaysia) Sdn Bhd’s deployment plan and activities.
Mr. CC Puan, Green Packet Group Managing Director and CEO, said that the Group performance in Q2 2009 is on track with the business projection of achieving EBITDA positive by end 2009.
While speaking about the Group’s global performance and its business projections for the second half of the year, Mr Puan said, “The Group Solutions pillar had secured two contracts during the first half of 2009 and we are expecting two other major deals during the second half.”
The Group’s WiMAX service provider arm, P1 unveiled its latest fixed WiMAX modem, the DV230 – an all-in wonder device that seamlessly integrates WiMAX, WiFi and voice functionalities into one stylish and compact package. In addition, P1 has also launched WIGGY 69, a great value for money portable WiMAX package that offers the best performance in its class.
CC added, “These new packages by P1 cater to different levels of internet users and would help us to remain on track to achieve more than 200,000 subscriber base by the end of 2009.”
Puan is confident tha t with these strong business strategies in place, the Group’s proven business model remains on track to deliver its business plan and strategy .
About Green Packet:
Listed on the Main Board of the Malaysian Bourse, Green Packet is a leading developer of Next Generation Mobile Broadband and Networking Solutions. Its mission is to provide a seamless and unified platform for the delivery of user-centric multimedia communications and services regardless of the nature and availability of backbone infrastructures.
Bringing forth best-of-class technologies, devices and services to simplify and enhance connectivity and communications, Green Packet fulfills a wide array of targeted needs by employing its two key business pillars of Products & Solutions and Converged Communications Services via WiMAX operator arm, Packet One Networks (Malaysia) Sdn Bhd; WiMAX global consulting services - Packet One International Pte Ltd, and provision of discounted telephony and wholesale services via its alternative voice services group. For more information, visit: www.greenpacket.com
For more information about this media release, please contact:
Media Contact:
Shirley Ah Yong
Senior Manager, Corporate Communications
Green Packet Berhad
T +603 7450 8812
F +603 7450 8899
E
shirley.ahyong@greenpacket.com
|
|
