Media Release
Webjet Results On Target - 4B Filing Preliminary Final Report
10th July 2002
Webjet today announced its audited results for the full financial year ended 30th June 2002.
Webjet’s Managing Director, David Clarke, said "Webjet’s loss for the year of $1.587 million compares with last year’s loss of $2.235 million and is in line with my report to the market and shareholders in August 2001.
"The key and significant components of the result are:
• revenue from ordinary activities totalled $11,920,000* up from $506,000 the preceding year;
• marketing and brand build costs of $794,000 have been fully expensed to the Profit & Loss account;
• cash reserves as at 30th June 2002 are $2.3 million.
"As reported to the market on the 1st July, gross transaction values for the year totalled $14.2 million with the quarter-by-quarter analysis as follows.
03.09.01 | 31.12.01 | 31.03.02 | 30.06.02 |
$2.3m | $2.0m | $4.0m | $4.9m |
"A comprehensive report on our operations will be included in our shareholders’ Annual Report which we expect to despatch in mid September."
David Clarke
Managing Director