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To: MileHigh who wrote (38986)	8/29/1999 11:17:00 PM
From: Ruffian	Respond to of 152472

Another Member Of The Cdma Family> SYDNEY -- AAPT Ltd. (A.AAP), an Australian telecommunications company, Monday reported a net profit of A$29.5 million for the fiscal year ended June 30, against a A$16.8 million loss the year before. Sales grew by 50% to A$750.8 million from A$500.3 million, AAPT said in its earnings report. Underpinning the stronger earnings result, international revenue grew 41% to A$193 million and domestic revenue grew 16% to A$163 million. The company also said it has selected South Korea's Samsung Corp. (Q.SSG) to design and build its A$375 million Code Division Multiple Access, or CDMA, mobile telephone network. The network is scheduled to open in the third quarter of 2000.