Delivers a Record Full Year Result - EBITDA up 35%
Sydney, Aug 25, 2015 AEST (ABN Newswire) - The Board of Australian telecommunications provider My Net Fone Limited (
ASX:MNF) is very pleased to report a record profit result for the full year ended 30 June 2015.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $12.2 million, with net profit after tax (NPAT) rising to $7.2 million. This represents increases of 35% and 24% respectively, when compared with the company's performance during the previous financial year. The EBITDA result is 9% over the original FY15 forecast.
The total Dividend for the full year has increased by 28% to 5.75 cents per share fully franked, with the company now declaring a record final dividend of 3.25 cents per share for the 2nd half. The full year dividend represents 50% of the FY15 EPS.
The board notes that all result parameters are ahead of the company's most recent forecast update.
"It is particularly pleasing to note that our profit growth was largely attributable to organic growth within the MNF business. Whilst TNZI generated profit during the first few months that we owned it, that was largely offset by acquisition costs and non-recurring integration expenses," said My Net Fone CEO, Mr Rene Sugo. "The company is at a very exciting point in its journey, delivering yet another strong result on the back of robust organic growth, and enormous potential in the global TNZI voice business." added Sugo.
The strong financial result included in link below.
Our Significant and Key Acquisition - TNZI:
This result includes a 3-month performance contribution from the recently acquired multinational voice business - Telecom New Zealand International (TNZI). All acquisition costs have been accounted for and our integration program is on track, with finance, engineering, marketing and sales functions all being integrated into our group operations. Network integration is well underway with mutual traffic collaboration already achieved between the global and domestic networks.
The network expansion program at TNZI has commenced, facilitated by funds the company recently raised. We have already invested in expanding our capacity in the UK, Hong Kong and Singapore, with those projects set for completion during the next quarter, after which we will progress on to expanding capability in other territories.
With a discerning and conservative approach, the Board of My Net Fone will continue to actively search for and examine further acquisition opportunities; whilst we remain totally committed to driving growth and performance within the business.
My Net Fone remains very confident that the company will achieve strong organic growth in the coming year and well into the future.
There will be a teleconference and results presentation held on Tuesday 25th August at 3:00pm. For details please check http://mnfgroup.limited/investors
To view the complete release including financial results table and figure, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MNF-874422.pdf
About Symbio Holdings Limited
Symbio Holdings Limited (ASX:SYM) is a software company changing the way the world communicates.
Symbio's technology replaces old-fashioned telecom networks with software, making it faster and easier to deliver modern cloud-based communication services, unlocking endless new applications for calling, messaging and phone numbers.
Symbio is the backbone for the global cloud communication industry. Over 500 service providers - from telecom start-ups to the world's biggest software companies - rely on Symbio for the connectivity, quality and expertise they need to solve complex communication challenges.
Headquartered in Sydney, Symbio powers billions of calls and messages each year, owns networks in three countries and employs over 450 staff worldwide.
For more information about Symbio visit www.symbio.global
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