Sydney - Thursday - November 13: (RWE Aust Business News) -
Macquarie Telecom (ASX:MAQ) has upgraded earnings guidance for the first
half of fiscal 2009.
Earnings before interest, tax, depreciation and amortisation
(EBITDA) is expected to be between $9 million and $10m, up more than 50
per cent from the previous corresponding half.
A net profit (NPAT) is also expected for the first half.
Macquarie's data and hosting businesses have continued to perform
strongly and underlie the expected strong result while revenue mix also
continues to improve.
"This expected result supports the strategic direction we have
taken as we build momentum in our higher margin Data & Hosting
businesses," chief executive David Tudehope said.
"These businesses are demonstrating scalable profit growth and,
as a result, we expect profitability in fiscal 2009 to continue on a
solid growth path as our investments increasingly deliver benefits."
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