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AUSTRALIA'S AMCOM SET TO POST US$4.7 MLN IN FY GROUP REVENUES.
SYDNEY, Aug 1 Asia Pulse - Amcom Telecommunications Ltd (ASX:AMM) and its subsidiaries' revenues grew strongly in the the second half to June 30 on the back of strong growth in data services, with full year consolidated group revenues expected to reach $A9.4 million ($US4.73 million), the company said today.
Amcom chairman Tony Grist said 2000/2001 was Amcom's first full financial year focused on sales and marketing after having spent the previous two years rolling out the network.
Mr Grist said the parent company had a strong second half, and positive earnings before interest, tax, depreciation and amortisation (EBITDA) from its "local loop" subsidiaries.
He said the subsidiary local loop carrier revenues were up approximately 43 per cent over the first half. The subsidiaries were expected to achieve full year EBITDA of approximately $A1 million ($US503,700) on revenues of $A8.2 million ($US4.13 million).
Mr Grist said full year consolidated group revenues include the recent lease and resale of inter-capital bandwidth associated with the special purpose infrastructure project - IP1 Australia Pty Ltd.
"We are delighted with the sales growth which reflects Amcom's operating strength in what has been overall a difficult sector," he said.
"However the underlying driver of our business, data growth, continues unabated. This has been confirmed by recent commentary by Telstra chief executive Ziggy Zwitkowski, backbone data growth is well over 100 per cent per annum and trending up," he said.
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Source: HighBeam Research, AUSTRALIA'S AMCOM SET TO POST US$4.7 MLN IN FY GROUP REVENUES.