destra continues financial growth

FOR IMMEDIATE RELEASE
destra Corporation Limited (ASX:DES)
destra continues financial growth
MELBOURNE – 31 January 2006 – destra Corporation Limited (ASX: DES)
(destra) reported today record operating cash flows and continuing improved
financial performance through the first half of financial year 2006.
Detailed in its unaudited Appendix 4C Commitments Report for the Quarter ending 31
December 2005, the Company reported positive operating cash flow of $1.5M for the
quarter and $1.6M for the six month period ending 31 December 2005. Improved
working capital management and the favourable Christmas trading period significantly
boosted operating cash flow results in the second quarter.
Investing cash flows includes the cost of acquisition of the Rajon Music and Video Group
(Rajon), one of the largest independent record labels in Australia.
During the second quarter, a debt funding facility of up to $3M was finalised with St
George Bank Corporate and Business Banking. The proceeds were used to partly fund
the Rajon acquisition in December 2005 and refinance existing debt.
Domenic Carosa, destra CEO, said, “The destra Business division continues to perform
strongly and we are delighted with the initial trading performance of Rajon. The Board is
confident that the Rajon purchase is delivering outstanding returns to destra. We are
committed to the continued growth of Rajon and to realising substantial synergies across
all destra Media businesses.”
Carosa reaffirmed that the Company is on track to deliver a $1.2M profit for the full 2006
financial year.
ENDS