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February 17, 1999

COMPANY RESULT: OZEMAIL LTD

By CBR Staff Writer

OzEmail Ltd, Australia’s largest internet service provider, has reported a fourth-quarter net loss of $1.5m on revenue up 83.4% at $19.2m, compared to a loss of $4.7m in the year-ago period. For the full year, net loss was $8.3m on revenue up 97.6% at $67.2m, compared to a loss of $10.2m last year. Figures were converted at a rate of A$0.6096 to the dollar.

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