Data communications company Amcom has delivered on it promises of a 20 per cent lift in first-half profit to $10 million and says it is on track to lift full-year profit by the same percentage.
The result was achieved on revenue of $80.1 million, up 43 per cent on the previous corresponding period.
Earnings per share were up 17 per cent to 4.1 cents.
The figures do not include the one off $16.6m profit arising on the in specie distribution of iiNet in the previous corresponding period.
The company declared an interim fully franked dividend of two cents a share, up from 1.8 cents in the previous corresponding period.
Amcom attributed the uplift in earnings to strong organic sales growth from Amcom's core data networks (fibre) and expanded hosted and cloud services offerings.
"The broadening of the company's product range will drive continued earnings growth going forward," the company said in a statement.
"Amcom's operating momentum from the first half of this financial year has continued into the second half whilst maintaining a disciplined approach to winning new annuity style business.
"The company's financial position is strong with ample balance sheet capacity to fund future growth initiatives."Amcom shares were steady at $1.505 at 7.40am after touching an earlier high of $1.54.
The new magazine for a new generation of West Australians.Click here to download the current edition »
All the latest market figures from Australia and the world.Click here »
'The West Australian' is a trademark of West Australian Newspapers Limited 2013.
All rights reserved.
Select your state to see news for your area.