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Displaying items by tag: Pipe Networks

Pipe Networks (ASX: PWK) is forecasting consolidated revenue for FY2010 of $92m-$96m, with EBITDA of approximately $50m-$51m and NPAT of approximately $20.5m-$21.5m from a combination of its existing business and its submarine cable arm, expected to start generating revenues later this year.

Pipe Networks' PPC-1 submarine cable, due to come into service in September, has been preceded with the expectation that adding a new player to the 'Gang of Four' - Optus, Telstra, Verizon Business and Telecom New Zealand - that between them own all the submarine capacity out of the east coast of Australia will significantly reduce prices. However, according to TeleGeography, distance and low demand relative to other routes are also major drivers of price.

Published in Strategy
Monday, 16 February 2009 03:07

Pipe Networks' half year profit up 62 percent

Pipe Networks (ASX: PWK) has reported revenue from operating activities for the half year to December 2008 of $23.7m up from $16.1m for the same period in 2007. NPAT was $5.3m, a 62 percent increase over the previous corresponding half result of $3.3m. EBITDA for the half year was $8.9m up from $5.9m at HY07.

Published in Market

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