Home > Networking > Modems > NetComm Posts $2M Profit

NetComm Posts $2M Profit

NetComm Posts $2M Profit

Contracts with NBN have led to NetComm Wireless reporting a net profit of $2 million on revenue of $74.3 million and EBITDA of $6.23 million in the year to 2016.

The Australian broadband equipment company said the results came on the back of the company’s involvement in the National Broadband Network (NBN) rollout. Earnings before interest, tax, depreciation, and amortisation (EBITDA) were $6.23 million, down 14.6 percent from $7.3 million.

“We have continued to successfully execute our global growth strategy, with M2M and fixed-wireless revenues up 74 percent over the past 12 months,” NetComm Wireless CEO David Stewart said.

“NetComm Wireless’ strong performance in FY16 reflected the continued ramp-up of the Ericsson/NBN contract rollout, which gained pace and is expected to experience a continued volume increase in FY17.”

You may also like
ACCC Pauses Inquiries Into NBN, Reveals Its Preliminary Recommendations
Data Show Oz Internet Speeds Slumping During COVID19
nbn logo and person
NBN Co & Retail Service Providers Form Working Group To Meet Demand And Support Consumers
NBN Co logo
Daytime Traffic On NBN Up 70%, Mobile Networks Up 40%
nbn logo and person
NBN Co Pulls Half-Price Offer