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MyC4 CEO Mads Kjaer expects break even in 2009

 
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PostPosted: Thu Mar 13, 2008 9:34 am    Post subject: MyC4 CEO Mads Kjaer expects break even in 2009 Reply with quote

Mads Kjaer, CEO of MyC4:

"Since we started the company in 2006 most people have told us that we can't find the African business by volume and numbers in a sustainable and scaleable way - we have now the first 3 Providers and they can offer loan opportunities in 2008 for 12.5 m euro (being our target)...

MyC4 as a company is doing well and is on track just like we have planned since we started. Every year we invest in the future and our annual report was approved by our board 4th March and will shorty be public available - we have guarantee for the capital to run the company as per our budget in 2008 and in 2009 it's to be [the] first year of breakeven."
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