Diversified telecommunications services provider M2 Telecommunications Group Limited (MTU) released its financial results for the half year ended 31 December 2008, delivering strong growth in earnings, earnings per share (EPS), dividends per share (DPS) and consolidated revenues. Revenue was $87.2 million, an increase of 114%, while NPAT was $3.19 million, an increase of 63%.
The M2 group has delivered record half year earnings and earnings per share, on a considerably enlarged revenue base. Based upon this strong performance for the period, the Directors have declared the Company’s 9th consecutive dividend, totaling 2.5c per share (fully franked).
M2’s Managing Director and CEO, Vaughan Bowen, said of the interim performance; “We are very pleased to have delivered a strong result for the first half. Growth has been particularly solid in our M2 Wholesale division, with our M2 Telecom retail arm also growing organically during the period.”
Tags: M2 Telecoms, MTU, profit increase
