KUALA LUMPUR: Green Packet Bhd's net loss for the second quarter ended June 30, 2010 widened to RM35.63 million from a net loss RM27.87 million a year ago, mainly attributed to the higher amoritisation and depreciation cost in relation to the aggressive rollout of broadband infrastructure to date.

Loss per share was 5.4 sen while net assets per share was 49 sen.

Its revenue for the quarter rose 51.3% to RM90 million from RM56.47 million in 2009 due to a higher subscriber-base for the wireless broadband business, securing of new customers for in the solutions business, and increase in revenue from the international wholesales voice business.

In a filing to Bursa Malaysia on Monday, Aug 16, Green Packet said its main revenue contributor, the broadband and voice business segments, is projected to be competitive but further strong growth in demand globally over the next few years is expected.

The company said it expects the performance of the group to improve in tandem with the expected positive market demand for the financial year ending Dec 31, 2010.