And yeah, that's 17 consecutive quarters of losses for Green Packet!

Green Packet announced its earnings and finally it achieved it's so called EBITDA positive. Oh yeah, do refer to the following posting for their countless promises on EBITDA positive: And Green Packet Now Says .............

But despite being EBITDA positive, the company recorded some 29 million in losses for the current reporting quarter.

Yeah and for the stats lover, that's 17 consecutive quarters of losses!

For the record:

1. May 21st 2008: Quarterly rpt on consolidated results for the financial period ended 31/3/2008 - loss of 3.354 million

2. Aug 20th 2008: Quarterly rpt on consolidated results for the financial period ended 30/6/2008 - loss of 6.579 million.

3. Nov 14th 2008: Quarterly rpt on consolidated results for the financial period ended 30/9/2008 - loss of 10.894 million

4. Feb 16th 2009: Quarterly rpt on consolidated results for the financial period ended 31/12/2008 - loss of 38.660 million

5. May 22nd 2009: Quarterly rpt on consolidated results for the financial period ended 31/3/2009 - loss of 22.550 million

6. Aug 13th 2009: Quarterly rpt on consolidated results for the financial period ended 30/6/2009 - loss of 28.167 million

7. Nov 12th 2009: Quarterly rpt on consolidated results for the financial period ended 30/9/2009 - loss of 32.869 million

8. Feb 11th 2010: Quarterly rpt on consolidated results for the financial period ended 31/12/2009 - loss of 95.612 million

9. May 13th 2010: Quarterly rpt on consolidated results for the financial period ended 31/3/2010 - loss of 44.753 million

10. Aug 16th 2010: Quarterly rpt on consolidated results for the financial period ended 30/6/2010 - loss of 35.900 million

11.Nov 15th 2010: Quarterly rpt on consolidated results for the financial period ended 30/9/2010 - loss of 28.912 million

12. Feb 16th 2011: Quarterly rpt on consolidated results for the financial period ended 31/12/2010 - loss of 100.112 million

13. May 24th 2011: Quarterly rpt on consolidated results for the financial period ended 31/3/2011 - loss of 37.893 million.

14.  Aug 15th 2011: Quarterly rpt on consolidated results for the financial period ended 30/6/2011 - loss of 37.069 million.

15. Nov 23rd 2011: Quarterly rpt on consolidated results for the financial period ended 30/9/2011 - loss of 44.321 million.

16. Feb 23rd 2012: Quarterly rpt on consolidated results for the financial period ended 31/12/2011 - loss of 61.512 million.

17. May 23rd 2012 - loss of 29.735 million!!

Wanna count how much losses since their venture into this 'wonderful' business?

And yeah, after so much losses they have incurred the following was published on Business Times today: ( LOL! Apparently their talk is now shifted from their EBITDA positive to the BILLION dollar!!!  )

• Green Packet aims for RM1b revenue by 2015
  By Goh Thean Eu Published: 2012/05/24
  
  GREEN Packet Bhd, a wireless networking technology developer and a mobile broadband service provider, aims to hit RM1 billion in revenue by 2015, partly helped by the expansion of its wireless broadband business.
  
  "We believe mobile broadband is the way to go. In the future, we are not only looking at connecting people, but also machine-to-machine communications. Basically, everything that can be connected, will be connected.
  
  "So, the growth potential in the wireless broadband is huge," said group managing director Puan Chan Cheong in an interview recently.
  
  The company has two main businesses. One is its wireless broadband business - which is currently operated under its unit, Packet One Networks Sdn Bhd (P1). The other is its solutions business, which sells software and customer premises equipment like modems, to mobile operators.
  
  The software helps mobile operators to manage their mobile data traffic more efficiently.
  
  "The good news is that, both our pillars are expected to continue to grow at a healthy rate over the near to medium term."
  
  The company - which saw red in its earnings before interest, tax, depreciation and amortisation (Ebitda) for the past four financial years - registered a "positive Ebitda" during the first quarter this year.
  
  "Our main focus now is to ensure that we are able to sustain the Ebitda's positive trend," he said.
  
  For the first quarter ended March 31 2012, the company posted a net loss of RM29.74 million, compared to RM37.89 million net loss in the same quarter last year. Revenue rose by five per cent to RM128.17 million.
  
  The group recorded an Ebitda of RM3.9 million for the quarter, a 153 per cent jump year-on-year.
  
  Its P1 pillar contributed about 85 per cent (or RM3.3 million) to the group's total Ebitda.
  
  Puan explained that in the business of telecommunication, what is important is that the company is able to make profits operationally.
  
  The company, for the full year ended December 31 2011, posted a net loss of RM85 million. A significant part of the net loss was contributed by the depreciation expenses of its wireless broadband equipment and infrastructure.
  
  "We have invested a total of about RM1 billion in capital expenditure. These investments would need to be amortised over a 10-year period. So, this means we are looking at depreciation of about RM100 million a year," he said.
  
  Green Packet Bhd is evaluating a few proposals from investment bankers on the possibility of listing P1 on the stock exchange.
  
  "We are looking at a few proposals right now," said Puan.
  
  He added that the company, as well as P1, remained open to the possibility of merger or partnership with its rivals.
  
  "I think the industry is set for a consolidation. I think, eventually, there will be four to five players. We are currently the fourth largest broadband provider, after Telekom Malaysia Bhd, Maxis Bhd, Celcom (Axiata) Bhd," said Puan.