Vocus revenue and net profit rise

Majority of revenue growth came from its internet, fibre and datacentre business

Telco services provider, Vocus Communications (ASX:VOC), has reported a 40 per cent rise in revenue to $30.6 million and EBITDA up 29.3 per cent to $9.8 million. NPAT was up 19.8 per cent to $4.2 million, in the first half of FY13 to December 31.

The company stated its revenue growth was driven by internet (31 per cent increase), fibre (152 per cent increase) and datacentres (88 per cent increase).

Vocus CEO, James Spenceley, said FY13 was a transformational investment phase for the company, and significant funds were being invested in building long term assets.

“Cash flows are robust and expected to grow over time as Vocus shifts its focus from building infrastructure to the leveraging the assets built,” he said.

Spenceley said it had about $13.3 million in cash, and has signed a term sheet for $13 million additional acquisition bank facilities.

“This will allow the company to continue its organic and inorganic plans, giving the company a strong platform for continued growth,” he said.

Vocus entered an agreement in December to purchase Newcastle-based Ipera Communications. The acquisition was completed in January and an initial consideration was paid of $4.9 million made up of 75 per cent cash and 25 per cent Vocus shares.

References show all
Comments are now closed.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: James Spenceley, Vocus Communications
Get exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
ARN Vendor Directory
Microsites

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.

 

Latest News

Apr 17
Splunk exec defects to tech disruptor Elasticsearch
Apr 17
JCurve acquisition to boost telco play following $A2.5m capital raising
Apr 17
Vodafone tackles FIFA World Cup with $5 roaming in Brazil
Apr 17
Kim Dotcom says he's set to get assets back
More News
24 Apr
The China Healthcare ICT Conference 2014
05 May
CeBIT Australia 2014
06 May
Oracle Day 2014 - Across 2 Cities
06 May
Oracle Day 2014 - Across 2 Cities
View all events