Amcom records high demand for fibre

Corporate, government and wholesale sectors drive 66 per cent year on year profit growth

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.

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