Amaysim’s revenue saved, up 77% on ppp

Company News

by Rachael Jones

Household services provider Amaysim (ASX:AYS) has reported its NPAT is down 76 per cent to $2.7 million from last years driven by increased depreciation of technology investment and financing and costs related to acquisition funding.

They have record statutory net revenue of $578 million up 77 per cent on last year, driven by strong 12-month contribution of energy, subscriber growth across the Group and new product launches.

Its underlying EBITDA of $47.8 million is up 10 per cent on the prior corresponding period.

Amaysim does not own any mobile network infrastructure, but rather gains access to a mobile network operators’ infrastructure, currently Optus, to deliver mobile services to its subscribers.

Shares in Amaysim (ASX:AYS) closed 0.96 per cent higher to $1.05 on Friday.

 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.