worth a small holding..., page-7

hi georges,
like myself, easy to get carried away, just be careful reading how the wording is constructed. The statement says;

'I am pleased to announce that recurring revenue from the NewSat Services division recorded an increase of 70% in the first quarter of this financial year relative to the same period last year. By comparison, industry growth for the 12 months was 6 percent.'

i am assuming this means compared the same half of 2005, so u will need to go back a little further, just looked at the half yearly statement as of 31st december 2005, revenues where approx. $16m. not $22m.

pls correct me if i am wrong. This increase still bodes well to me though, and shows that they are increasing their sales.