Quadtel turns a buck in Q1
- 02 November, 2001 12:48
ASX-listed broadband distributor Quadtel announced a 51 per cent rise in sales over the previous quarter with before-tax earnings of $110,000 for the first three months of the current financial year.
Sales for Quadtel totalled $4.47 million in Q1, up from the $2.966 million achieved in the previous quarter.
Rod Orrock, Quadtel's CEO said in a press statement this represented "very positive first-quarter results", which resulted from "aggressive restructuring measures". This included the consolidation of its two core businesses into the one location.
Orrock said the result, in "a very uncertain and difficult economic environment", was a tribute to the Quadtel's staff and augured well "for the company's steady growth". He sees opportunities with new vendor partners and in software republishing.
"In terms of our business strategy over the medium term, we intend to continue to exploit all worthwhile opportunities for partnerships with compatible vendors", Orrock said. "Recently we signed a republishing agreement with Australian Windows Publishing, developer of the market-leading Ezimerchant range of e-commerce software products.
"This partnership, which brings to four the number of republishing agreements we have in place, places Quadtel in an enormously strong position within the expanding e-commerce software market.
"By maintaining our focus on this aspect of our operations and by working on the continual improvement of our service delivery processes, I am confident we will achieve similar positive results for the current quarter."