Melbourne, Oct 19, 2009 (ABN Newswire) - During the first quarter of the 2010 financial year, NewSat Limited (ASX:NWT)(OTC:NWTLY) made several announcements documenting new contracts won and the performance by the sales team against the quarterly quota. With the books closed on the first quarter, the company reports on the financial progress.
For the quarter ending 30th September 2009 the company has delivered an increase in revenue of approximately 25% over the corresponding period last year, and has exceeded the last quarter (Q4 of FY09) revenue by over 15%.
With the increase in revenue, the EBITDA position has also improved by over 75% in comparison with the corresponding period last year and exceeded the last quarter (Q4 of FY09) EBITDA result by over 50%.
The company will continue to keep the market aware of business progression of sales and results during each quarter of the financial year.
NewSat Limited (ASX:NWT) provides a full range of managed communication services, TT & C and carrier monitoring from its teleports in Perth and Adelaide to Australia/Oceania, Asia, the Middle East and Africa.
Utilising the latest generation satellite and VSAT technology, NewSat offers end-toend, affordable, high-speed, two-way satellite broadband communication services, products and solutions to broadcasters, cable programmers, news agencies, telecommunication carriers, Internet service providers, corporations, governments and distance-learning networks. In addition, NewSat Networks operates multiple Broadband IP Services based on technologies developed by ViaSat, Gilat, Hughes, Comtech and iDirect.
Services are available on a wide range of satellites accessible from the Perth and Adelaide facilities. Antenna sizes ranging from 3.7 to 13m are available in addition to all the necessary RF and conversion equipment. Customers may co-locate equipment in these facilities, or NewSat can provide an end-to-end service.
Contact
Adam Shapiro Chief Financial Officer / Company Secretary Melbourne Principal Office Tel: +61-3-9674-4644 Fax: +61-3-9674-4655
Newsat Limited
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