maiden profit, cash 4.5c per share, price 3.8c

Sure, if it was AMP, punters would double the price on a similar announcement ????? My summry from the announcement is:-
EOD Friday 3.8
Mkt Cap $6.76M
Cash IN HAND AS AT 31 Dec 2 $8.1M
Cash +ve
Profit 6months to 31 Dec 2 $119,000.


EMITCH LIMITED 2003-03-06 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
emitch Limited, a leading on-line marketing specialist, has announced
a maiden profit for the six months to December 2002. Operating profit
after tax was $119,000 and compares with a loss of $475,000 for the
same period in 2001.

Although the advertising market in general had been difficult in 2002
the company had maintained its strong market position and
substantially reduced operating costs by 27 per cent compared with
the six months to December 2001.

Executive-Chairman Stuart Simson said emitch had achieved a position
of leadership in the planning and buying of on-line media in its
three year life, and was well positioned to take advantage of an
improved advertising cycle and growth in the use of the Internet and
other marketing mediums. Mr Simson said the company continued to
develop its strategic relationship with major shareholder Mitchell &
Partners, Australia's largest independent media buyer.

Mr Simson noted that the company had now recorded a cash positive
performance in the last three quarters and had $8.1 million in cash
reserves at December 31.

Further information Contact Stuart Simson (0408 371395)