Big Air Fills Profit And Growth
BigAir has recorded an underlying net profit after tax of $9 million for the 12 months ending June 30 on the back of its cloud offering.
This made a seven percent increase from the $8.46 million the company achieved in 2015, with underlying EBITDA rising 18 percent to $22.3 million and group revenue and other income up 27 percent to $80.7 million.
BigAir’s fixed-wireless revenue was up six percent to $25.1 million.
BigAir managing director Jason Ashton said the growth in revenue and earnings over the financial year marks its ongoing expansion into cloud and managed services, along with its continued organic growth into existing broadband and fixed wireless divisions.