Vocus expects to continue growth in FY11

Vocus expects to continue growth in FY11

Wholesale telecom service provider Vocus Communications (ASX:VOC) expects to grow both organically and through acquisitions in FY11.

The company - which reported a 356% increase in profit for FY10 - will be in a strong competitive position for the year, according to chairman David Spence.

Potential acquisition targets include companies which operate in markets adjacent to Vocus', he said in a letter to shareholders.

“Whilst we are are indeed pleased by what the company has achieved over the past year we are fully aware of the need to remain focused on our core business and maintaining growth inline with our overall capabilities,” he said.

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Tags TelecommunicationsDavid SpenceVocusGuidanceASX:VOC

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