Aussie Broadband (ASX:ABB) share price surges 8% on record r

Aussie Broadband (ASX:ABB) share price surges 8% on record revenue


Aussie Broadband (ASX:ABB) share price surges 8% on record revenue
Daniel Ewing | February 17, 2021 11:57am |
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Aussie Broadband Ltd(ASX: ABB) share price is flying today as the company announced strong half-year results for FY21. Shares in the telecom company are currently trading 8.66% higher, at a price of $2.76.
Established in 2008, Aussie Broadband is an Australian owned and operated telecommunications company based in Victoria. It currently has a market capitalisation of $523 million.
What’s driving the Aussie Broadband share price?
For the half-year ending 31 December 2020, the small-cap Aussie telecom provider saw its revenue increase 89% to $157.4 million. Handily outpacing its prospectus forecasts of an 84.1% increase.

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