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Vocus forecasts brighter half year results

Vocus forecasts brighter half year results

Projected revenue up 57 per cent from previous period

Vocus chief executive, James Spenceley.

Vocus chief executive, James Spenceley.

Vocus Communications (ASX: VOC) forecasts that its revenue in the first half of FY2012 will be $21.9 million, up from $13.9 million in the previous period.

Underlying earnings before interest, tax, depreciation and amortisation (EBITDA), excluding foreign exchange gains and losses, is expected to be between $7.5 million and $7.6 million, up 63 per cent from $4.6 million.

In-depth: Data centre migration guide.

As at 31 December 2011, the company had no bank debt and a cash balance of $4.78 million.

Vocus has four businesses units, IP transit, wholesale voice, data centres and dark fibre.

In a letter to shareholders during September 2011, Spenceley said the company planned to keep up its strategy of expanding through acquisitions, as well as investing to expand its reach organically.

This strategy led Vocus to acquire data centre operator PerthIX, E3 Networks' data centre business and dark fibre operator Digital River Networks during FY2011.

Vocus chief executive officer, James Spenceley, said in a statement that since the acquisition of the dark fibre network in 2011, it had “doubled the footprint of the network and expects a growing contribution from fibre sales in the coming periods.”

Vocus will present its formal half year results on 16 February.

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