Vocus Declares Maiden Dividend
Posted on February 28, 2013
VOCUS Communications Limited (ASX: VOC), a leading Australian provider of Internet, Fibre, Voice and Data Centre services, today announced its results for the half year ended to 31 December 2012.
Revenue for the first half of FY2013 was $30.6 million, up 40.0% from $21.9 million in the previous corresponding period.
Underlying Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) which excludes foreign exchange gains and losses, was $9.8 million, up 29.3% from $7.6 million.
Reported NPAT for the half year period was $4.2 million up 19.8% from $3.5 million. Fully diluted earnings per share for the half year period were 5.52 cents v 5.50 cents in the previous corresponding period.
Given the strong result, an interim fully franked dividend of 0.4 cents per ordinary share will be paid on 26 March 2013, with a record date of 12 March 2013.
James Spenceley, CEO of Vocus said: "FY2013 is a transformational investment phase, with significant funds being invested in building strong long term assets. Cash flows are robust and expected to grow over time as Vocus shifts its focus from building infrastructure to the leveraging the assets built."
"On the basis of the strong results and growing asset base, the Board has decided to start rewarding the shareholders with an initial conservative dividend."
"Vocus has approximately $13.3m in cash and a signed term sheet for $13m of additional acquisition bank facilities. This will allow the company to continue its organic and inorganic plans, giving the company a strong platform for continued growth."