Sydney - Tuesday - August 29: (RWE Aust Business News) -Jumbuck Entertainment Ltd (JMB) today announced financial results for the year ended June 30, 2006. It showed a 51.9 per cent increase in net profit after tax for the year of $4.3 million. The result was achieved on total sales revenue of $11.246 million, up 59.3 per cent on the previous comparable period. It was driven largely by organic growth and also by the acquisition of wap3 Community business in June 2006. JMB managing director Paul Choiselat said the 2006 year was a year of growth for JMB - both organic and through acquisition. "The past year has been an important period for JMB, with a significant acquisition in Germany which has cemented our position as the world's leading provider of mobile community services to carriers. The acquisition and developments completed this year have given JMB a truly international footprint with significant presence in North America, Europe, Australasia, UK and South America," Mr Choiselat said. "We're very pleased with the results," said Olivia Hilton, JMB chief executive officer. "Community services are increasingly becoming a critical component of Mobile Operators' content portfolios. "Over the coming months we will be launching a number of services with both new and existing carriers, and our internal development efforts continue to focus on the integration of image and video capabilities," she said. "JMB will continue to look to increasing shareholder value by continuing to focus on organic growth, growth by acquisitions and the introduction of new and improved products. "I believe we have been successful in pursuing these objectives this year, and look forward to more achievements in FY2007," Mr Choiselat said.
JMB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
