Fibre, Ethernet key to Vocus’ $13.6m record profit

Fibre, Ethernet key to Vocus’ $13.6m record profit

Revenue up $92.3m

Vocus CEO, James Spenceley.

Vocus CEO, James Spenceley.

Vocus Communications’ underlying net profit after tax (NPAT) amounted to $13.6 million in fiscal 2014 after revenue spiked 38 per cent to $92.3m.

The telecommunications company attributes the 53 per cent profit increase to strong revenue performances by its fibre and Ethernet business which grew 87 per cent, while Internet contributed with a 39 per cent jump.

The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed 48 per cent to $33.1m, while operating cash flow now sits at $30.6m, a 100 per cent jump.

The financials are predominately a result of organic growth, in addition to a full-year contribution from Ipera Communications, a company Vocus acquired in January 2013 for $9.8m.

Vocus has determined a total dividend of $0.018 per share fully-franked for the 12 months ended June 30.

Chief executive officer (CEO), James Spenceley, marks fiscal 2014 a significant year on the back of its “clearly developed strategy, aligned to increasing demand for data coupled with Cloud computing and increased IT outsourcing trends.”

Spenceley claims Vocus’ $11.7m purchase of ASG Group’s Bentley datacentre in Perth, investments in the SEA-ME-WE 3 cable connecting Perth and Singapore, and its upcoming acquisition of FX Networks for $107.7m will position the company as one of the leaders in integrated fibre, Internet, and datacentre across Australia and New Zealand (A/NZ).

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Tags TelcocommunicationsTelecommunicationsdatacentreacquisitionASG GroupfinancialsVocusJames SpenceleyFX NetworksBentleycomms

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