MNF 2.08% $4.90 mnf group limited

mnf 4c 2.5 mil rev 90k cashflow positive

  1. 983 Posts.
    I think this is a pretty decent result and shows continued positive growth.

    The overall picture continues to look very good and with growth rates likes these surely we can expect to see a doubling of FY08 revenue in FY09 along with profitability.

    Don't expect an increase in the SP short term in this horrible market though.

    Appendix 4C for Quarter Ending September 2008

    • Total receipts from customers $2.5 million for the quarter
    • Net operating cash flow positive $90,000 for the quarter

    My Net Fone Limited (ASX:MNF), Australia’s leading VoIP service provider, is pleased to announce it achieved a successful September quarter with receipts totaling $2.5 million and a positive net operating cash inflow of $90,000.

    The results represent increases of 11.5% and 125% from the last quarter of 07/08 respectively as well as a 10% increase
    of net cash reserve.

    The results confirm the continuing strong growth from sign-ups and usage of the My Net Fone services from residential and, increasingly, from enterprise business customers across Australia. Customers choose My Net Fone not just for the cost savings arising from the use of innovative, converged services, but also for the competitive edge they gain in terms of efficiency and productivity in running their businesses.

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