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Austar swings back to full-year profit

Austar swings back to full-year profit

Rural digital television company Austar United Communications (ASX:AUN) swung back to a net profit of $58.8 million in 2009, compared to a loss of $74.4 million in 2008.

The company said it had signed up over 21,000 new customers for the year – a 3% increase – with total television subscribers increasing to nearly 742,000.

Revenue grew 7% to $675 million, while monthly average revenue per user (ARPU) increased 4% to $82.90.

CEO John Porter said the company intended to participate in the government’s NBN program in 2010.

“Regional Australia is crying out for competition and choice that a well executed NBN can provide,” he said.

“As one of the largest retail brands in our market, it has been frustrating that we have been unable to provide our customers with a competitive, high-speed broadband product, and we are hoping the NBN project will help to make this a reality.”

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Tags NBNfinancial resultstelevisionAustar

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