ENG 0.00% 89.0¢ engin limited

Ijudge you say “The more the subscribers, the more ENG will give...

  1. 86 Posts.
    Ijudge you say

    “The more the subscribers, the more ENG will give away, ie the more losses they will generate!”

    I infer you mean that its costs ENG more money to gain 1 subscriber then ENG will ever earn from that subscriber?

    Half year sales revenue to Dec 2005 were $3.03 million
    Half year sales revenue to Dec 2006 were $8.3 million
    But the Net loss after tax only increased from $3.7 to $4.5m i.e. $800,000

    If what you say is true shouldn’t the net loss have been more like $8.8 million

    Subscribers increased from 18,000 to 52,500 or 34,500 during this time.

    This equals an increase in net losses of only $23 per new subscriber over this period.

    Could you please explain your reasoning using some figures because I don’t understand your post.
 
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