Forum Archive Index - May 2001

["Christian Mair" <product@adidas-ep.co.nz>]

Does this announcement justify the huge jump today?

Christian

 

RMG advises that in the quarter ended 31/03/2001, RMG's management has
reported improved results as the positive impact of the rationalisation
process is becoming apparent. With March delivering a record revenue and
profit figure, the quarter produced revenue of A$15.5m with an unaudited
EBITDA of A$1.3m. This is a substantial improvement on the December year
results recently reported, which was the period in which the new group
emerged from the consolidation of 22 businesses and changed from its
petroleum industry background. RMG Ltd was formed from the merger of 16
businesses in June 2000 to create the regions leading receivables Management
Company, to participate in the rapidly growing Accounts Receivables
outsourcing, and receivables management markets. Change in that market has
underlined the strategy and our timing. On completion of the integration of
all the initial businesses plus subsequent acquisitions, RMG is on track to
deliver industry competitive margins in the short term