Conduit Profit Before Tax Exceeds Euro 1.0 Million in Quarter 1.Business Editors
DUBLIN Dublin, city, Republic of Ireland
Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland--(BUSINESS WIRE)--July 24, 2002
Conduit plc (COND.FK):
-- The Group achieved profits from operations in quarter 1 of Euro 1.1 million compared with losses from operations of Euro 4.7 million in quarter 1 last year -- EBITDA further improved in quarter 1 to Euro 2.7 million compared to a loss of Euro 3.5 million in quarter 1 of the previous year -- Call volumes for the quarter rose by 40% to 24.2 million calls as compared to 17.3 million in the previous year -- Revenues up 41% to Euro15.3 million compared to quarter 1 last year of Euro 10.8 million -- Gross margin increased from 19.2% in quarter 1 last year to 45.6% in quarter 1 this year
Detailed below is a summary of the performance of the company for the three month period from 1 April 2002 to 30 June June: see month. 2002 together with the comparative amounts for the three month period ended 30 June 2001.
Quarter 1 ended Quarter 1 ended 30 June 2002 30 June 2001 % Change Euro Euro Revenue 15,288,911 10,821,177 41% Gross profit 6,968,731 2,077,308 235% Gross profit % 45.6% 19.2% EBITDA 2,712,640 (3,549,453) Profit/(loss) from operations 1,142,272 (4,694,195) Profit/(loss) before tax 1,043,040 (4,454,542) Net profit/(loss) attributable to common shareholders 905,489 (3,916,067) Basic net profit/(loss) per share 0.05 (0.23) Employees 1,401 1,566 (11%) Prepared in accordance with generally accepted accounting principles in the United States of America
Commenting on the results Liam LIAM Life Insurance Awareness Month (NAIFA)
LIAM Life Insurance Association of Malaysia
LIAM Lock-on Image Based Aiming Module Young, Chief Executive Officer
Conduit plc, said;
Conduits gross margin improvement over the last four quarters is an immense achievement, and is the result of a relentless focus on cost improvement and better efficiencies during the period. The Group has now reached the scale required to enable us to deliver consistently strong gross margins, and which places us in an excellent position to deliver substantial bottom-line bot·tom-line
1. Concerned exclusively with costs and profits: bottom-line issues.
2. Ruthlessly realistic; pragmatic: a bottom-line political strategy. profitability and real improvements on shareholder value.
Our low-cost base now provides us with a strong competitive advantage in the UK market, and we are confident that we will achieve significant market share on deregulation Deregulation
The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.
Traditional areas that have been deregulated are the telephone and airline industries. of the directory enquiry market there.
Notes to Editors
Conduit plc listed on the Frankfurt Neuer Markt on 30 June, 2000 and Irish Stock Exchange The Irish Stock Exchange (ISE) (Irish: Stocmhalartán na hÉireann) is Ireland's stock exchange, formed through the merger of the Cork and Dublin exchanges, both of which have existed as far back as 1793. technology market ITEQ on 6 April 2001.
Conduits core business is as a directory assistance service provider. The Company currently operates call centres in Dublin, Cardiff Cardiff (kär`dĭf), Welsh Caerdydd, city and county (1998 est. pop. 320,900), S Wales, on the Taff River near its mouth on the Bristol Channel. Cardiff is the capital of Wales and an important port. Until the early 20th cent. , Biel and Vienna Vienna, city and province, Austria
Vienna (vēĕn`ə), Ger. Wien, city and province (1991 pop. 1,539,848), 160 sq mi (414 sq km), capital and largest city of Austria and administrative seat of Lower Austria, NE Austria, on and provides directory assistance services to clients in the UK, Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. , Switzerland Switzerland (swĭt`sərlənd), Fr. Suisse, Ger. Schweiz, Ital. Svizzera, officially Swiss Confederation, federal republic (2005 est. pop. 7,489,000), 15,941 sq mi (41,287 sq km), central Europe. and Austria.
In Ireland, Conduit operates the independent 11,850 directory assistance number which has achieved widespread brand recognition throughout Ireland. In addition, Conduit operates directory assistance for Esat Telecom and O2 in Ireland. In the UK Conduit provides UK directory assistance for Orange and Telewest. The company also provides directory assistance services to clients in Austria, and Switzerland and has launched its own independent 11 88 11 directory assistance number in Austria and 18 50 in Switzerland.
The Company has 1,401 employees across the Group.