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Telecommunications Chariot hits a speed bump
Telecommunications Chariot hits a speed bump | Chariot hits a speed bump |
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| by Stuart Corner | |
| Sunday, 04 June 2006 | |
  
Broadband ISP Chariot has retracted earlier guidance predicting increased EBITDA in the second half, saying that EBITDA will be inline with first half EBITDA as the result of a number of unexpected developments. It now expects to report a full year EBITDA of around $2 million and a small after tax loss. It lists the adverse developments as being: - The deferral of forecast grant income of $500,000 into the 2007 financial year; - a delay in the rollout of its wireless and VoIP services expected to depress EBITDA by around $300,000; - unbudgeted consulting and legal costs of around $230,000. |
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