Green Packet posts lower pre-tax loss of RM90m in 9-month period

KUALA LUMPUR, Nov 28 – Green Packet Bhd reported a lower pre-tax loss of RM90.09 million for nine months ended Sept 30, 2012 from RM118.12 million in the same period a year ago.

Revenue increased to RM426.28 million from RM383.93 million previously, it said in a filing to Bursa Malaysia.

It said the software and devices business registered lower revenue in the third quarter (Q3) to Sept 30, 2012 compared with Q3 2011, mainly due to the lower quantity of devices shipped.

The broadband services business, meanwhile, continued to post strong growth in subscriber numbers in Q3 2012 at 435,000 against 355,000 in Q3 last year. – Bernama