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Tel.Pacific expects small loss in 1H11

Tel.Pacific expects small loss in 1H11

Tel.Pacific (ASX:TPC) anticipates a small net loss in 1H11, due to extensive investment in the company's new pre-paid mobile product Hello Mobile.

In a presentation at the company's AGM, the board revealed it was also expecting breakeven ebitda for the first half.

But the company anticipates a return to profit for the full year.

Tel.Pacific plans to continue concentrating on growing the Hello Mobile business, partly by leveraging the existing distribution channels for its international calling card offerings.

The company will also work to maximise the integration opportunities for its Mobile Real Time Monitoring billing and provisioning platform, which it acquired from Service Stream (ASX:SSM) for $4 million earlier this year.

Tel.Pacific is using the platform as a key differentiator for the Hello Mobile service, which the company is running on VHA's network as a mobile virtual network operator (MVNO).

In FY10, Tel.Pacific recorded a 15.9% decline in revenue to $53.9 million, 43.2% lower ebitda of $3.1 million and a 68.9% slump in profit to $1 million.

Tel.Pacific said the company was debt free and had a strong balance sheet for further acquisitions.

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Tags financial resultsvhaService StreamHello MobileTel.PacificMVNOASX:TPCASX:SSM

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