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Vocus NZ a ‘strong and stable performer’ as revenue rises
EBITDA also up 5 per cent to $35.7 million
Kevin Russell (Vocus Group) Credit: Vocus Group
Vocus’ New Zealand business has been labelled a “strong and stable performer” by its Group CEO, with revenue rising 5 per cent year-on-year, to $210 million, year-on-year, for the half year ending 31 December.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) were also up 5 per cent, to $35.7 million compared to the same period last year, according to documents released by the telco provider to the Australian Securities Exchange (ASX).
Vocus on the mend after consecutive profit hits
Vocus on the mend after consecutive profit hits
A turnaround from net after-tax profit declines in H120, FY20 and FY19
Kevin Russell (Vocus Group) Credit: Vocus Group
Vocus Group has ended a run of declines in statutory net profit after tax (NPAT) and minority interests, recording a rise of 49.2 per cent year-on-year, to $19.1 million, for the six months ending 31 December.
This is a turnaround from the telecommunication services provider’s last few financial reports, which recorded declines in NPAT for the first half of the 2020 financial year, as well as FY20 and FY19.