Uecomm profits from broadband sales

Uecomm profits from broadband sales

Broadband carrier Uecomm has announced revenues of $15.5 million for the quarter ending March 31, a 29 per cent jump from the same quarter last year.

Uecomm had a profit before tax of $0.8 million and has continued to generate positive EBITDA, which rose to $5.5 million. This is a 61.8 percent increase on last year.

Uecomm chief executive officer, Peter McGrath, said he was pleased with this quarter’s results.

The company signed contracts with a value of $17.3 million in the first three months of this year. Of this sum, $12.3 million was new business.

“Uecomm has a strong reputation within its target market and continues to win key customer accounts,” said McGrath.

“A large proportion of new business, however, is with existing customers which shows our ability to grow revenues from an expanding customer base.”

Uecomm signed key corporate customers in the media, finance and retail sectors. The company also signed government customers in the education, finance and utilities sectors.

Uecomm expects capital expenditure for the year to be about $20 million.

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