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.