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Article: PacNet Reports 67% Growth in Full-Year Net Income; * Fourth-Quarter 2003 (Year-on-year): Revenues up 9.8%, Net income up more than 300%, Broadband revenue increases 50%.
- Article from:
- PR Newswire
- Article date:
- February 9, 2004
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Pacific Internet Limited, or PacNet , today announced its financial results for the fourth- quarter and full-year ended December 31, 2003, posting its eighth consecutive quarter of profit, with full-year revenues rising 6.7% and net income growing 67% from 2002. PacNet is Asia's largest telco-independent Internet Communications Service Provider by geographic reach with direct presence in Singapore, Hong Kong, the Philippines, Australia, India, Thailand and Malaysia.
Highlights of Full-Year 2003 Results
* Revenues grew to US$98.6 million, a 6.7% increase over 2002.
* Broadband revenues grew to US$39.4 million, a 60.7% increase over 2002.
* Net income ...