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Distributor hurt as revenue tumbles

Ben WoodheadHead of Platform Product

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CVC-backed computer and communications distributor Cellnet swung to a $4.6 million net loss on revenue that tumbled almost 17 per cent to $439.5 million in a 2008 result that chairman Alexander Beard described as "clearly unsatisfactory".

But Mr Beard also pointed to restructuring efforts that had eliminated debt as a sign of progress as the company battled falling information and telecommunications product margins and prices.

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Ben oversees design and development of newsroom and subscription platforms for The Age, The Sydney Morning Herald and The Australian Financial Review. Previously Ben was Deputy editor – Digital at the AFR.

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    Original URL: https://www.afr.com/technology/distributor-hurt-as-revenue-tumbles-20080829-jelzs