Communications specialist MNF Group has increased its earnings before interest, tax, depreciation and amortisation for the six months to 31 December by 22% to $10 million.
Net profit after tax went up by 21% to $4.9 million, while revenue rose 9% to $91.4 million.
The domestic retail segment gained from recent government contracts, with the gross margin rising by 12% year on year.
The domestic wholesale segment was also strong and added a new revenue stream with an agreement with Telstra Wholesale MVNO.
{loadposition sam08}The global wholesale segment added a new PoP in Hong Kong.
A statement said the directors believed the business was on track to meet previously stated organic forecast.
After the half-year end, MNF announced the acquisition of Conference Call International.
The combined business will produce an upgraded 2017 forecast with EBITDA and NPAT of $23.7 million and $11.6 million respectively, and a revised EPS forecast to 16.7cps after capital raising dilution.