Maiden Net Profit for September 2004 quarter -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=--
* Net Profit of AUD$0.128M * EBITDA Profit of AUD$0.429M * Over AUD$1M Cash At Bank
Destra Corporation Limited (ASX: DES) released today its Appendix 4C Commitments Report for the Quarter ending 30 September 2004, showing a Net Profit of AUD$0.128M; cash at bank position of AUD$1.073 and an EBITDA profit of AUD$0.429M.
The unaudited financial reports for the three months ending September 30 2004, shows total sales to be AUD$2.26M, and a Net Profit of AUD$0.128M.
These results do not include the additional earnings generated by the acquisition of Techex Communications on 6 October, 2004 by Destra. Techex generated over AUD$0.7m in profit in the 2004 FY.
The acquisition of Techex brings additional profitability to the organisation which is on target to generate profit for this current financial year. Both Destra and Techex were both listed in the 2004 BRW Fast 100 with Techex achieving eleventh position.
Destra is a leading Internet and e-commerce enterprise focused on providing consumer entertainment and Internet business solutions servicing the Internet hosting and digital media markets. OzHosting.com, a wholly owned subsidiary of Destra, is Australia’s second largest virtual hosting service provider.
DestraMusic.com is Australia’s largest digital music provider positioning Destra to capitalise on the emerging online games and music market. Other online interests include MusicPoint.com.au, the sole provider of new music to radio stations via the Internet.
DES Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
