Media Release
Webjet Quarter Ended 31st December 2001 4C Filing
22nd January 2002
Webjet Continues Growth At Approximately 25% A Quarter
Trend Continues Into January 2002
Webjet today announced a net usage of cash for the quarter ended 31st December 2001 of $75,000 (last quarter $323,000) and cash reserves as at 31st December 2001 of $2.6m (last quarter $2.7m).
Commenting, Webjet’s Managing Director, David Clarke, said:
1. "Total operating cash flows were minus $325,000 compared with minus $573,000 the previous quarter.
2. Proceeds from share sales were $250,000.
3. Key indicators show a continuation of sharp growth compounding at approximately 25% a quarter. Specifically:
Quarters Ended | ||||
30.06.01 | 30.09.01 | 31.12.01 | ||
| Gross transactions | $1.7m | $2.3m | $3.0m | |
Monthly Averages | ||||
| Gross transactions | $0.6m | $0.75m | $1.0m | Jan 02 estimate* $1.2m |
25% per quarter approximately.
4. *January 2002, on current estimates, shows a continuation of these trends with gross transactions expected to reach $1.2m".