Menu
Menu
BigAir lifts FY11 ebitda forecast

BigAir lifts FY11 ebitda forecast

Fixed WiMax operator BigAir (ASX:BGL) has upgraded its FY11 ebitda guidance by 30% on the strength of its performance so far.

The company - which operates a network covering Sydney, Melbourne, Brisbane, the Gold Cost, Adelaide and Perth - now expects to post a full-year underlying ebitda of $5.2 million.

This would be a 63% increase on the company's FY10 ebitda of $3.2 million.

BigAir said its consolidated revenues surpassed $1.9 million for the month of March, with $1.4 million earned by the fixed wireless division and the remainder from its student accommodation unit.

Underlying ebtida for March likewise reached $625,000, representing an annualised run rate of $7.5 million.

The company also expects to achieve more savings from the restructuring and integration of its recent acquisitions, including Clever Communications and AccessPlus.

BigAir estimated that a further $1.6 million in annualised cost savings will be realised over the next 12 to 18 months.

BGL shares fell 2.7% during Friday's trading to $0.180.

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 Mergers and acquisitionsClever CommunicationsWiMaxbigairEBITDAASX:BGL

More about BigAir Group

Show Comments
Computerworld
ARN
Techworld
CMO