Vocus annual report for shareholders released

Company News

by Rachael Jones

Telecommunications company Vocus (ASX:VOC) have released their annual report to shareholders.

It shows for the financial year, the business delivered results in line with guidance given in February 2018, with revenue growth of 2 per cent to $1.9 billion and underlying EBITDA growth of 7 per cent to $366 million.

The result was driven by, among other things, expansion of sales presence on the East Coast.

The New Zealand business continued to perform well, with a 4 per cent increase in revenue translating to 8 per cent growth in underlying EBTIDA.

The Australian Consumer telecommunications market is extremely competitive and undergoing significant disruption as it transitions to the National Broadband Network (NBN).

Shares in Vocus (ASX:VOC) are up 2.17 per cent to $3.29.
 

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.