KUALA LUMPUR: GREEN PACKET BHD [] posted net loss of RM15.24 million in the second quarter ended June 30, 2011 compared with losses of RM18.68 million a year ago, due to higher depreciation of plant and equipment.
It said on Monday, Aug 15 revenue rose 42% to RM127.80 million from RM90.01 million while loss per share was 2,3 sen versus 2,8 sen a year ago.
'The 2Q11 loss after tax was higher than 2Q10 mainly attributed by higher depreciation of plant and equipment in accordance with the planned rollout of the broadband infrastructure even with higher revenue from software and broadband business,' it said.
Green Packet said for the first half, the net loss was RM34.24 million, narrowing by 21.3% from RM43.50 million in the previous corresponding period but revenue rose 41.1% to RM249.51 million from RM176.82 million.
Total accumulated losses at June 30 was RM317.35 million compared with RM302.11 million as at March 31.
It said on Monday, Aug 15 revenue rose 42% to RM127.80 million from RM90.01 million while loss per share was 2,3 sen versus 2,8 sen a year ago.
'The 2Q11 loss after tax was higher than 2Q10 mainly attributed by higher depreciation of plant and equipment in accordance with the planned rollout of the broadband infrastructure even with higher revenue from software and broadband business,' it said.
Green Packet said for the first half, the net loss was RM34.24 million, narrowing by 21.3% from RM43.50 million in the previous corresponding period but revenue rose 41.1% to RM249.51 million from RM176.82 million.
Total accumulated losses at June 30 was RM317.35 million compared with RM302.11 million as at March 31.
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