Today Vocus Communications Limited (ASX:VOC), reported a dramatic increase in profitability up 501% and revenues up 242% when releasing its audited results for the year ending 30 June 2010. Vocus CEO, James Spenceley believes this strong result is testament to Vocus’ wholesale business model, which is underpinned by growing demand, long-term contracts and continued focus on customer service.
VOCUS Communications Limited (ASX: VOC), a leading ASX listed telecommunications provider, today announced the signing of a contract with Vodafone New Zealand.
Mr. James Spenceley, Group CEO of VOCUS said “after reviewing management accounts, we wanted to take this early opportunity to inform the market of the expected results for FY2010. “
“This is a strong result and a testament to Vocusʼ wholesale business model, which is underpinned by growing demand, long-term contracts and continued focus on customer service. The result, combined with our recent listing and capital raising sets the stage for Vocus to further invest in organic and acquisitive growth for FY2011 and beyond” Mr Spenceley added.
“Vocus is delighted to be embarking on this new chapter in its business growth,” said Vocus CEO, James Spenceley.
On 30 June 2010, Vocus announced that its ASX listing transaction had completed. Vocus will start trading under its new stock ticker, VOC, after the ASX re-naming process from First Opportunity Fund is complete (anticipated to be 8 July 2010).
No media release available