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iiNet reports solid growth with increased revenues, EBITDA and profit

All those aquisitions paying off...

| Networking News | Posted: Aug 16, 2010 10:22 am

iiNet appears to be moving full steam ahead with its annual report for the year to June 30, 2010 showing a very healthy rise in revenues, EBITDA and NPAT.

 

The major ISP's revenue took a 13% rise to $473.8m and its subscriber services rose by a whopping 27%, almost hitting the 1 Million mark at 960,000. Naked DSL looks to be notably popular with subscriber numbers growing a whopping 59% to 106,400.

 

TweakTown image news/1/6/16433_21.gif

 

Aquiring Westnet and more recently Netspace looks to have paid off, too, with the company's total broadband customers sustaining 539,000 to the years end, a rise of 28% since the aquisition. If you didn't catch it in recent news, iiNet is also in the process of aquiring AAPT's consumer division which should be completed in September this year.

 

NEWS SOURCE
Itwire.com

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