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.
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.
InvestSMART FORUM: Come and meet the team
We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.
Want access to our latest research and new buy ideas?
Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.
Sign up for free