Vocus Communications has revealed stella half year financial results, with revenue up 45% and profit up (EBITDA) 50% (after tax, 52%).
For the New Zealand and Australian team, the strong result is from prior year acquisitions, new customer wins and the ongoing execution of the company’s strategy.
Ending 31 December 2013, the company’s core product groups each recorded robust revenue growth, with Fibre & Ethernet up 128.2%, Internet up 40.6% and Data Centres up 21.6%. The Company’s Fibre network now exceeds 500km (up 130%).
Commenting on the result, the CEO of Vocus, James Spenceley, says: “This is an excellent result which demonstrates the successful execution of the company’s strategy.
"The results highlight the benefits of the diversification which underpins the Vocus business model. We continue to make investments in the business supported by strong commercial outcomes.
"The doubling of our interim dividend reflects the Board’s commitment to provide increasing returns to shareholders.”
The Directors have declared an interim dividend of 0.8 cents per share (cps), fully franked, to shareholders registered on 11 March 2014, to be paid on 25 March 2014, an increase of 100% over the prior period’s interim dividend of 0.4cps.