Home > Communication > MacTel Up, Expansion Beckons

MacTel Up, Expansion Beckons

ASX-listed Macquarie Telecom has recorded a strong first half for its 2018 financial year, with revenue up 8pc to $114.9 million, and net profit after tax of $8 million, up 29 percent.

Capital expenditure came in at $8 million as MacTel looked to expand its Intellicentre 2 capacity along with $6.5 million on a Datahall 4 fitout. Full year EBITDA is tipped at $44-46 million

CEO David Tudehope commented: “Sustained growth in profitability over the last seven halves has allowed Macquarie to consider opportunities to invest for future growth. We are well positioned to continue to benefit from the megatrends of cloud and cyber security”.

He said the business would decide in the next three months whether to buy or build more datacentre capacity.

You may also like
Huge Stateside Expansion Boosts Afterpay
Swoop Back On ASX
Kogan.com Shares Up 11 Per Cent After Dramatic Crash
Kogan Shares Climb As The Company Regains Lost Ground
Apple Are Set To Post Eye-Watering Profits For Q1, 2021