MyNetFone reports record first fiscal half results

Beats its records without the consolidation of acquisitions

Australian telecommunications provider, MyNetFone, has posted a record financial performance for the first half of its fiscal calendar (ended December 31, 2012), claiming all sectors of the business performed well.

In comparison to the same period the previous year, the telco reported a 79.5 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to $1.99 million, as well as a 60.9 per cent increase for net profit after tax (NPAT) to $1.5m.

First half revenue is recorded at $18.43m, with first half dividend increase of 87.5 per cent to $0.015 per share fully franked.

MyNetFone said the results are based entirely on organic growth within the company as it is yet to book any revenue and profit streams from the consolidation of recent acquisitions, GoTalk Wholesale and Connexus. However, the costs associated with the acquisitions are absorbed in these results.

According to a statement, the MyNetFone board is satisfied that the business is on track to deliver the previously published forecast guidance for the full year, ending June 30, as historically, the telco has recorded stronger second half performances.

“The company is expecting to consolidate significant revenue and profit streams from its recent acquisitions,” the statement said. “We remain comfortable with the published guidance for these new businesses and MynetFone is scheduled to issue a consolidated and updated guidance to the market prior to the end of April.”

2014 ARN Women in ICT Awards - Nominate Now!: Nominations have opened for WIICTA 2014 and will stay open until October 22. But don't be late, be among the first in and NOMINATE NOW!!!

Tags financial resultsTelcoNPATEBITDAacquisitionsmynetfonerevenueTelecommunications

More about ConnexusMyNetFone

Comments

Comments are now closed

 

Latest News

01:38PM
Google Nexus 9 pre-sales start at $479
12:56PM
Xero: Larking about, Kiwi style...
11:39AM
World's most powerful life sciences supercomputing facility to stay in Victoria
11:18AM
Nextgen Networks appoints former AAPT exec as new MD
More News
21 Oct
NewLease & Red Hat Breakfast Briefing (Melbourne)
21 Oct
DCIM Solutions Architect
22 Oct
NewLease & Microsoft Technical Sessions
23 Oct
NewLease & Red Hat Breakfast Briefing (Sydney)
View all events