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Monday, 27 February 2006 20:11

PowerTel boosts revenue, cuts losses

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PowerTel has reported revenue for 2005 of $193.5 million, up 16.7 percent on 2004. EBITDA as up 25 percent to $28.5 million, and gross profit up 16.5 percent to $90.1 million. Net loss after tax was $8.00 million compared to a net loss of $19.3 million last year.

CEO Paul Broad said the company had met its financial goals in an extremely competitive environment, generating new sales of $29.4 million, excluding Macquarie Telecom. The number of business customers grew 60 percent and the number of business lines in operation grew 21 percent.

The company said that it planned to continue expansion of its national network in 2006 and to upgrade it to enable VoIP, which would significantly reduce operating costs.

PowerTel expects to deliver revenue of between $98m and $101m and EBITDA of $15m to $17m in the half year to 30 June 2006 "despite challenging conditions in the business telecommunications market."  


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