Another Strong Half Year From MyNetFone Group Thursday 20 February 2014 @ 11:17

Symbio parent company MyNetFone Group has repeated high performance, with the results for the 6 months ended 31st December 2013 showing EBITDA up 85% and NPAT up 58%.

MyNetFone Group Revenue Forecast FY14

The company's strong performance compared to the previous corresponding half included:

- First-half revenue of $28.5 million - up 55%
- First-half EBITDA of $3.7 million - up 85%
- First-half NPAT of $2.4 million - up 58%
- Strong balance sheet with no bank debt and a positive cash balance of $3.7 million after payment of the final instalment for Symbio Networks.

The comparative increases in revenue and profit include contributions from the successful integration of the GoTalk Wholesale, Connexus and CallStream business.

The strong financial performance of the Group reflects the continued growth of VoIP and hosted communications services, which have become a real alternative to traditional landlines. With more enterprises and government organisations taking up IP communications, this segment of the market is where providers need to look to for the future.

Find out more, contact the Symbio Sales team on +61 2 9994 8555.