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UNWIRED GROUP: Reports Third Consecutive Annual Net Loss
Unwired Group Limited reported a net loss attributable to the members of the company of AU$25.22 million for the year ended June 30, 2007, lower than the AU$33.97 million reported a year earlier. The company reported a AU$42.21 million net loss for the year ended June 30, 2005.
Unwired Group achieved strong revenue and subscriber growth in the year ended June 30, 2007. Operating revenue for the year was AU$34.02 million, an increase of 38.00% from AU$24.60 million a year before.
The company said that unaudited subscriber numbers increased by 30% from 53,405 to 69,592.
Sydney, Australia-based Unwired Group Limited -- http://www.unwired.com.au/ -- is engaged in the wireless broadband market and provides wireless local loop broadband service to residential, small and medium-sized enterprises and home office markets in Sydney.
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