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Displaying items by tag: Pipe Networks

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
Pipe Networks (ASX: PWK) has briefed investors on the refinancing of its PPC-1 submarine cable, revealing forecasts showing demand for international capacity out of Australia growing at 31 percent CAGR to 2020.

Published in Market
Pipe Networks' submarine cable to Guam is back on track thanks to its main supplier and an unnamed key customer agreeing to, respectively, defer and advance scheduled payments.

Published in Networking

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