MyNetFone FY10 profit up 1000%

MyNetFone FY10 profit up 1000%

VoIP and IP services provider MyNetFone (ASX:MNF) has reported a 1,058% increase in profit for FY10 to $1.9 million.

Revenue grew 23.6% to $12.1 million, while ebitda grew 771% to $2.03 million, due to what chairman Terry Cutherbertson called “strong and consistent growth in subscription and usages of VoIP broadband data and other enhanced IP services.”

The strong result allowed MyNetFone to declare its first-ever dividend of 0.75 cents per share.

MNF shares are today trading unchanged at $0.145.

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Tags Telecommunicationsfinancial resultsmynetfoneASX:MNFTerry Cutherbertson

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