FX Networks moves into profit

Revenue growth strong in network company's second year

FX Networks has reported audited turnover of $25.15 million for its financial year ended March, compared with $9.34 million the previous year.

EBIDTA was $5.39 million ($919,000), and net profit after tax was $2.08 million (negative $152,000).

The gross margin was 36.6% compared with 32.6% the previous year.

It was the company’s second full year of operation, during which it spent $24 million laying fibre.

FX Networks and Datacraft this week were formally announced as the winners of a Department of Internal Affairs tender to provide a replacement for the failed Government shared Network.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags FX NetworksNetworking & Telecomms ID

Show Comments
[]