Strong demand from the corporate, government and wholesale sectors has seen Amcom Telecommunications (ASX: AMM) deliver a 66 per cent year on year increase in net profits after tax to $7.6m for the half year to 31 December 2009.
The Western Australia-headquartered company also recorded revenue growth of $29 million, up 16 per cent year on year, and EBITDA of $10.3 million, up 21 per cent year on year.
Amcom chief executive officer, Clive Stein, said in a statement to the ASX the results demonstrated the strength of the company’s business model.
Stein also noted the company’s early February announcement of its five-year $20 million deal with the Northern Territory Government as evidence of the company’s ability to win new business.
Amcom also announced it would acquire internet protocol communications provider IP Systems in a deal worth $6.5 million.
The privately owned IP Systems provides voice, video and data solutions around Australia and New Zealand on a fibre optic backbone network.