Excellent report.Compared to last corresponding halfs..Revenues...

Excellent report.

Compared to last corresponding halfs..
Revenues
Dec 02 = 1.384mill, Dec 03 = 3.298 mill, Dec 04 $4.181 mill

EBITDA
Dec 02 = $37k, Dec 03 = $154k, Dec 04 $296k

Profit (NPAT) Dec 02 = $24k, Dec 03 = $115k, Dec 04 $248k

Cash on hand stable, Net Assets increased from $1.3mill to 2mill, Net Tangible Assets incresed from $994k to $1.768mill, debts paid down from $2.2mill to $1.1mill, GLO still on balance sheet at $700k with a present value of $1.62mill.

All in all a great report...and the directors fees dropped from $128k to only $58k last half..so again they are not bleeding this company dry like some other stocks around HC.....