Thursday, 30 April 2009

Macquarie paints positive profit outlook – Australia

Macquarie Telecom has revealed that it anticipates its earnings will rise for the current financial year.

Pre-tax profit is expected to be between AUD 22,000,000 and AUD 24,000,000 for the financial year ending June 30th. The previous financial year saw Macquarie Telecom post profits of AUD 13,800,000. Shares in the MVNO rose 8.57% to AUD 1.90 as a result of its profit expectations.

A press statement released by the company said: “Macquarie Telecom’s revenue mix continues to improve, with its higher margin data and hosting businesses generating increased contributions.”