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Boost for telco owner

The owner of the Primus and Dodo telco businesses has increased its full-year profit by 33 per cent and expects further growth in the year ahead. M2 Telecommunications made a net profit of $43.8 million in the 2013 financial year, up from $33 million the previous year. The boost was helped by revenue from its purchase of Dodo and Eftel in May, and Primus in 2012.
By · 27 Aug 2013
By ·
27 Aug 2013
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The owner of the Primus and Dodo telco businesses has increased its full-year profit by 33 per cent and expects further growth in the year ahead. M2 Telecommunications made a net profit of $43.8 million in the 2013 financial year, up from $33 million the previous year. The boost was helped by revenue from its purchase of Dodo and Eftel in May, and Primus in 2012.
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Frequently Asked Questions about this Article…

M2 Telecommunications reported a net profit of $43.8 million for the 2013 financial year, up from $33 million the previous year.

The owner of the Primus and Dodo telco businesses increased its full‑year profit by 33 percent year‑on‑year.

M2 is the owner of the Primus and Dodo telco businesses. The article also notes M2 purchased Dodo and Eftel in May and acquired Primus in 2012.

According to the article, the profit boost was helped by revenue from its purchases of Dodo and Eftel (acquired in May) and the earlier acquisition of Primus in 2012.

Yes — the article states M2 Telecommunications expects further growth in the year ahead.

No — the article focuses on the headline net profit ($43.8 million), the prior year figure ($33 million), the 33% increase, and the role of recent acquisitions; it does not provide additional financial metrics.

The article notes M2 purchased Dodo and Eftel in May (as referenced in the 2013 result) and acquired Primus in 2012.

No — the article does not mention dividends or provide detailed shareholder guidance, only that the company expects further growth.