Menu
Menu
M2 forecasts 100% FY10 profit hike

M2 forecasts 100% FY10 profit hike

Business and wholesale telecom service provider M2 (ASX:MTU) expects a 100% increase in FY10 net profit to about $15 million.

At a presentation to investor, the company said it expects revenue in the range of $380 million to $400 million, a 90% mid-range increase on its 2009 revenue of $202.7 million.

M2 added that its acquisition of Clever Communications for $5 million, which closes on May 1, should contribute $2.3 million to ebitda in FY11.

Earnings per share is expected to increase 55% to 13.3-14.3 cents.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Telecommunicationsfinancial resultsM2forecast

Show Comments
Computerworld
ARN
Techworld
CMO