iiNet posts 64% surge in profit

ISP on track to benefit from the NBN regardless of the election outcome.

Internet service provider iiNet (IIN) has posted a record 64% jump in its net profit for the full year, with the company saying that it’s on track to benefit from the National Broadband Network (NBN) whether it’s Labor’s fibre to the premises (FTTP) or the Coalition’s fibre to the node (FTTN) version.

The ISP posted a full year net profit of $60.9 million, with revenue up 53% to $941 million and earnings per share up 58% to 37.8 cents.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles