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Macquarie Telecom (ASX:MAQ) lifts FY10 profit 70%

Macquarie Telecom (ASX:MAQ) lifts FY10 profit 70%

Macquarie Telecom (ASX:MAQ) lifted its FY10 profit 70% to $10.4 million, in what the company said was a sign its strategy of improving margins was succeeding.

Ebitda grew 25% to $29 million, with its high-margin hosting segment increasing its ebitda contribution 55% to $15.2 million.

Macquarie Telecom chairman Robert Kaye said that due to its strong cash balance, the company was well placed to grow organically and through acquisitions.

The company declared an ordinary dividend of 20 cents per share, as well as a special dividend of 20 cents per share.

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Tags macquarie telecomRobert Kayefinancial resultsASX:MAQTelecommunications

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