Appendix 4c - Quarter ended 30 September 2003
PocketMail Reports A$ 07 million net profit for quarter
Sydney, Friday 24 October PocketMail Group Limited (ASX:PKT), a leading provider of value-priced mobile e-mail services, today released its Statement of Cash Flows for the Quarter ended 30 September 2003.
Statement of Cash Flows
Total Receipts from customers for the quarter was $A 1.7million. (June quarter 2003 $A 1.7million)
The September quarter coincides with a seasonal slow down in the company's US market. Despite this, receipts from customers have been maintained at the same levels as the June quarter.
There was a small net operating cash flow deficit of $A 0.1million (June quarter deficit, $A0.1 million).
The company expects an operating cash surplus next quarter when licensing revenue invoiced in the September quarter (total A$ 0.8 million), but not received, is collected.
Other Financial Results
Net profit for the period was $A 0.7million. This included income of A$ 0.8 million from licensing PocketMail technology ot the US government.
Comments>
PKT Chief Executive, David Marchant, commented:
"This is the company's first quarter of net profit. It comes after four successive periods of EBITDA positive results to June 2003. Whilst we do not expect this level of profit to be repeated in the short term, our results this quarter reflect the steady progress that we are making throughout the business. Our goal remains sustainable and increased profitability through revenue growth."
About PocketMail Inc.
Click here to view the full Appendix 4C.
PocketMail Corporate Backgrounder
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FOR IMMEDIATE RELEASE
Media Contacts:
David Marchant (CEO)
(408) 689-1241
San Jose, California
david.marchant@corp.
pocketmail.com
Richard Shaw (CFO)
+61 2 9955-0500
Sydney, Australia
richard.shaw@pkt.com.au
PR Contact:
Nanci Williams
Orloff/Williams
(408) 293-1791
About PocketMail:
Interactive Demo
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