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First full year positive result since public listing
Superloop has posted $7.1 million net profit after tax for the 2018 financial year, the first positive full year NPAT for the company since
listing on the Australian Securities Exchange in 2015
The publicly-listed telecommunications provider reported net loss after tax in its two previous full year financial results with a net loss of $7.2 million in FY16 and a net loss of $1.2 million in FY17.
"Over the past 12 months, Superloop has acquired two strategically compelling businesses and is now integrating them," Superloop CEO Drew Kelton said about
"In addition, the team has continued to focus on disruptive innovation to organically grow the business by expanding Superloop’s physical and active networks in Australia, Singapore and Hong Kong.”
Earnings before interest, tax, depreciation and amortisation (EBITDA) went from $4.6 million in the previous reporting year to $29.1 million in the year ended 30 June 2018 - revenue for the full year was up 109 per cent to $125.2 million.
Superloop+, previously known as cloud and managed services, revenue was up 68 per cent to $36.6 million reflecting the contribution for the full year from BigAir’s CMS business.
Superbb, the business unit that went live in October, revenue was up 286 per cent to $26.7 million reflecting a full year contribution from Campus Broadband Solutions ($12.8 million) as well $6.7 million from NuSkope (since 13 October 2017) and $7.1 million from GX2 Technology (since 17 November 2017).
acquisition of the fibre broadband customer base of SkyMesh for $1.5 million
, which added more than 10,000 broadband subscribers to its newly formed retail broadband division Superbb.
Superloop's founder and CEO Bevan Slattery announced he was stepping down
as the company's chief, with SecureCo chief Drew Kelton to replace him in the leadership role.
Vita Group bets on Telstra's new SMB strategy for 2019
Previously, in November 2017, the company announced an agreement to
acquire GX2 Holdings and its subsidiaries for $12 million
GX2 is a provider of Wi-Fi services for major hotel chains, student accommodation sites and schools. GX2, who was formerly known as Global Gossip, has offices in Sydney, Melbourne and Brisbane in Australia, London in the UK, Denver in the US, Taupo in New Zealand and in Nadi and Suva in Fiji.
acquired South Australian fixed wireless internet services provider NuSkope for $10 million
Sydney-based telco provider wound up with creditors claiming $1.1M in debts
Telco group TCF challenges customer complaints data with international comparisons
Speedcast strikes US$135M buyout of US-based infrastructure provider
Pivotel expands NZ presence through multimillion-dollar acquisition Taylor Exchange Taylor Mi
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Speedcast strikes US$135M buyout of US-based infrastructure provider
Seccom Global celebrates turning 15 with key industry partners
From desktop to web and everything in between, Microsoft Office delivers the help you need to work anytime, anywhere. Pick the Office that's right for you.
Take advantage of oppportunities IoT creates for micro data centers at the edge
Seccom Global celebrates turning 15 with key industry partners
Seccom Global welcomed a host of customers, distributors and vendors to celebrate 15 years of business in Australia, alongside the opening of a second security operations centre.
Seccom Global celebrates turning 15 with key industry partners
ARN welcomes channel leaders for 2018 Hall of Fame lunch
ARN welcomed 2017 inductees - Karl Sice; Ronnie Altit and Warren Nolan - to the annual running of the ARN Hall of Fame lunch, held at 12-Micron in Sydney.
ARN welcomes channel leaders for 2018 Hall of Fame lunch
Sophos Discover outlines security strategies for trans-Tasman partners
Partners from across Australia and New Zealand came together for Sophos Discover in Brisbane, Melbourne and Sydney, as the vendor outlined key channel opportunities within the security market.
Sophos Discover outlines security strategies for trans-Tasman partners
SolarWinds Backup - The Cloud-first Backup and Recovery Solution
THE ORACLE CLOUD ADVANTAGE | Top 10 unique benefits for business
Vita Group bets on Telstra's new SMB strategy for 2019
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