Media Release
Webjet Quarter Ended 30 September 2001
30th September 2001
4c FilingWebjet today announced a net usage of cash for the quarter ended 30 September 2001 of $323,000 and cash reserves as at 30 September 2001 of $2.7 million.
Commenting, Webjet Managing Director, David Clarke, said:
"The key components of our quarter are:-
(1) The trading result (unaudited) for the quarter was a loss of $432,000 which is in line with budget. This is despite the events of September 11 and the widely reported travel industry downturn.
(2) Commission income increased to $204,000 (of which $123,000 was received in cash in the quarter, compared with $51,000 in the June quarter).
(3) Total operating cash flows were minus $573,000 with the difference comprised of net debtors and creditors changes.
(4) Proceeds for shares sales were $250,000, resulting in a net funds usage of $323,000.
The new quarter commencing 01 October has, as reported, commenced strongly with transaction values likely to exceed $1.00million for the month of October, an increase of nearly 50% compared with the average for July, August and September."