Amcom Telecommunications Limited (ASX:AMM)
says it is on track to achieve similar underlying earnings growth this financial year as last year.
The telecommunications company believes future earnings growth will be driven by broadening of its product base and positioning the business to add annuity based IT services capabilities.
Amcom has also advised that it has started the new year in a strong financial position with more than $90 million of annuity revenue, operating momentum and growth in its data networks business and Cloud services market opportunities.
Chairman Anthony Grist says in Amcom’s Annual Report he remains very confident in the long term outlook for the company and sees a successful year ahead.
Amcom Telecommunications boosted its net profit by 10 per cent to a record $28.4 million in the 2012 financial year.