Macquarie Telecom eyes revenue/ profit growth, EBITDA of $51-53m

Company News

by Jessica Amir

Macquarie Telecom Group (ASX:MAQ) has confirmed it will deliver 10 consecutive halves of revenue and profit growth.

The telecommunications company announced its unaudited EBITDA is expected to be in the range of $51-53 million in the 2019 financial year.

Its results are expected to be announced on 28 August 2019.

Meantime, it advised its Macquarie Park Data Centre Campus development will be pushed back from the 1H to 2H CY20.

However, upon completion, it will have increased its capacity from 10MW to 43MW.

Macquarie Telecom Group Limited (ASX:MAQ) shares are trading 1.48 per cent higher at $19.89

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.