ARN

BigAir lifts FY11 ebitda forecast

Fixed WiMax operator BigAir (ASX:BGL) has raised its FY11 ebitda forecast to $5.2 million from $4 million, after achieving strong growth for the month of March

Fixed WiMax operator, BigAir (ASX:BGL), has upgraded its FY11 ebitda guidance by 30 per cent on the strength of its performance so far.

The company - which operates a network covering Sydney, Melbourne, Brisbane, the Gold Cost, Adelaide and Perth - now expects to post a full-year underlying ebitda of $5.2 million.

This would be a 63 per cent increase on the company's FY10 ebitda of $3.2 million.

BigAir said its consolidated revenues surpassed $1.9 million for the month of March, with $1.4 million earned by the fixed wireless division and the remainder from its student accommodation unit.

Underlying ebtida for March likewise reached $625,000, representing an annualised run rate of $7.5 million.

The company also expects to achieve more savings from the restructuring and integration of its recent acquisitions, including Clever Communications and AccessPlus.

BigAir estimated that a further $1.6 million in annualised cost savings will be realised over the next 12 to 18 months.

BGL shares fell 2.7 per cent during Friday's trading to $0.180.

Nominations for the 2012 ARN IT Industry Awards open on Tuesday, June 12.

More about: BigAir, etwork

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the ARN comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: bigair, EBITDA
rhs_login_lockGet exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
Find distributors by name | vendor | location
Channel Deals
/deals/aca-pacific/439_qlogic-reseller-promotion-bonuses-on-hba-and-s
ACA Pacific

QLogic Reseller Promotion. Bonuses on HBA and Switch Purchases. Ends June 30th, 2012

More details »
ARN Vendor Directory
Find vendors by name | category

iAsset is a channel management ecosystem that automates all major aspects of the entire sales,marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.