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Date Posted: 13:48:59 02/28/03 Fri
Author: Mar 1Fast factsreceived $5 million on Friday ERG March 1 AFR
Subject: stopped short of a profit warning for the upcoming half-year results.PWR

http://afr.com/it/2003/03/01/FFXANRDZOCD.html


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Fast facts
Mar 1

Powerlan loses ground

Troubled software provider Powerlan revealed a negative cash flow for January on Friday but stopped short of a profit warning for the upcoming half-year results. About $3.4 million in costs related to divestment of parts of the business and debt. Rachael Osman

Just the ticket for ERG

Payment system developer ERG said its subsidiary OneLink received $5 million on Friday under the terms of its settlement with the Victorian government over the controversial Melbourne ticketing system. Another $15 million will be received over the next four years. David Crowe

Travel.com doubles loss

Online travel company travel.com.au reported a loss of $2.8 million for the half year ended December 31 on Friday - more than double the loss of the previous corresponding period. It also suffered a drop in cash reserves by $3.6 million over the six months. Rachael Osman

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