Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Pacific Internet Next HOT IPO? -- Ignore unavailable to you. Want to Upgrade?

To: zakaran who wrote (767)	8/11/1999 6:50:00 AM
From: Herc	Read Replies (1) \| Respond to of 912

Everything looks as expected. <<DJ Singapore's Pacific Internet 2Q Net Loss US$0.56M SINGAPORE (Dow Jones)--Singapore's Pacific Internet Ltd. (P.PCX) Wednesday announced a net loss of US$560,000 in the second quarter of the year as the company focused on growth and market share, it said. The cpompany didn't provide comparative figures. The loss comes despite a rise in revenue to US$12.5 million in the second quarter from US$10.6 million in the year-ago period. It said 73% of the revenue came from dial-up subscriptions, which rose to 237,502 in the period under review. Listed in Singapore and on the Nasdaq, Pacific Internet said its plans to expand will have a "short-term negative impact on profit for this year and possibly next year." The impact on earnings will be a result of its strategy to build across the region "and invest heavily in all the required segments of our strategy." It said its venture in India has obtained a license to operate as an Internet Service Provider. The company plans to launch its service in four cities there simultaneously, but didn't say when. Pacific Internet said portals traffic rose 6% to 7.9 million page views per month over the first quarter. The company's major source of revenue remained Singapore, followed by Hong Kong, the Philippines and Australia.>>