Press release
30 August 2010
VOCUS announces 500% plus increase in Profit Before Tax
Leading provider of wholesale telecommunications services, VOCUS
Communications Limited (ASX: VOC), today reported a dramatic increase in
profitability and revenues when releasing its audited annual results for
the year ending 30 June 2010.
Consolidated profit before tax was $5.69 million, up 501% over the
previous year, with a 242% increase in revenue for the same period.
Vocus CEO, Mr. James Spenceley, said: "Vocus has had another great year
in the 12 months to 30 June 2010. EBITDA grew by 641% to $8.15 million,
solely through organic growth. Additionally, Vocus has a very strong
cash position with cash reserves of $6 million and no bank debt", he
said.
"This strong result is testament to Vocus' wholesale business model
which is underpinned by growing demand, long-term contracts and
continued focus on customer service.”
"Together with our recent listing and capital raising, it underlines
Vocus' ongoing strengths, with plans for further investment in organic growth
as well as potential acquisitions.”
"In addition, the recent announcement of our NZ$11.3 million multi year
international internet capacity contract with Vodafone New Zealand points to
continued growth and increased profitability", Mr
Spenceley said.
For more information:
James Spenceley
Chief Executive Officer
T: 02 8999 8999
Info@vocus.com.au
NEWS 
