NewSat Limited (ASX:NWT) (OTC:NWTLY) Australia's largest independent satellite communications company recorded its maiden positive EBITDA for the first half of the 2010 financial year and wishes to advise the market of the appointment of 2 new directors, ratified by the Board of Directors and effective today, further progressing the companies development and growth.
ABN Newswire stocks to watch today include: Magnetic Resources NL (ASX:MAU), Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), NewSat Limited (ASX:NWT) (OTC:NWTLY), and AusTex Oil Limited (ASX:AOK) (PINK:ATXDF).
As Chairman of NewSat Limited (ASX:NWT) (OTC:NWTLY), Australia's largest independent satellite communications company, I am personally writing to update you on the company's financial progress.
Asian shares are expected to remain rising after a rebound in most markets yesterday. On Tuesday China's Shanghai Composite rose 0.5%, Taiwan's Taiex surged 2% and South Korea's Kospi added 1.1%. Hong Kong's Hang Seng Index gained 1.2% spurred by Swiss banking major UBS's return to profit.
ABN Newswire stocks to watch today include: Brickworks Limited (ASX:BKW), Linc Energy Limited (ASX:LNC) (PINK:LNCGY) and The NewSat Limited (ASX:NWT) (OTC:NWTLY).
The NewSat Limited (ASX:NWT) (OTC:NWTLY) Board of Directors is pleased to report the Group performance for the half-year ending 31 December 2009. As announced to the market during the period by the Directors, the business has turned an EBITDA profit for the 6 months with every key financial metric improving significantly in comparison with the corresponding period.
Australian stocks rose Wednesday following encouraging earnings result from media group News Corp. At the close, the benchmark S&P/ASX200 index gained 42.6 points, or 0.9 per cent, at 4647.9, while the broader All Ordinaries index rose 44.4 points, or 1 per cent, to 4673.2.
