Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
Sydney, Oct 10, 2007 (ABN Newswire) - M2 Telecommunications Group Limited (ASX: MTU) - FY2007 AGM Briefing - Mr Vaughan Bowen, MD; M2 Telecommunications Group Limited (ASX: MTU) present the following audio webcast regarding "FY2007 AGM Briefing". You may also download this audio webcast to your computer or portable audio player.
Broadcaster: M2 Telecommunications Group Limited (ASX: MTU)
There are many highlights from the year that was; outcomes of greatest significance being :
- Earnings Before Interest and Tax (EBIT) of $3.23M, as compared with $2.8M in the previous year, representing an EBIT increase of 13%.
- Net Profit After Tax (NPAT) increased by 10% from the previous year to a new record high of $2.41M.
- Revenues of $43.79M, as compared with $33.49M last year, an increase of 31%.
- Cash flow and cash assets continued to remain strong, with the company's balance sheet free of debt.
- Revenue and earnings results were in accordance with the market guidance presented at the beginning of the 2006/7 financial year.
- Declaration of fully franked dividends for both the half and full year, both in excess of 70% of NPAT.
- Further expansion of the suite of products and services, both in Australia and New Zealand.
- Establishment of a foundation mobile network wholesaling alliance with Vodafone in New Zealand.
- Three year extension of M2's appointment as the exclusively endorsed wholesale enabler of the Optus third generation (aka "3G") mobile network.
- M2's wholesale division significantly enlarged through strong organic growth and acquisition of Australia's largest independent data wholesaling company, Wholesale Communications Group, in May 2007.
- Purchase of all customers and business assets of Melbourne based business telco, Tenex Communications in June 2007.
- Entry into a Merger implementation Agreement for M2 to acquire ASX listed Orion Telecommunications in June 2007.
This Audio Cast is based on streaming audio sent in compressed form over the internet and displayed as it arrives. You do not have to wait for the whole file to be downloaded before you can hear it, instead the media is sent in a continuous stream and is played immediately as it reaches your computer. Please note that during live broadcasts there can be a delay of approximately 1-2 minutes, depending on traffic through your Internet Service Provider.
Minimum requirement for playing the multimedia links are; at least a 28.8k modem and sufficient memory and hard disk space to run Windows Media Player or Real Player. In addition, some media links contain material requiring the ability to run Flash Multimedia.
