Broadband Infraco on track to be Ebitda-positive in two years
State-owned entity Broadband Infraco hopes to turn earnings before interest, taxes, depreciation and amortisation- (Ebitda-) positive within the next two years, CEO Puleng Kwele said this week.
This emerged after the company, which was recently transferred from the Department of Public Enterprises to operate under the auspices of the newly formed Department of Telecommunications and Postal Services, had shown signs of improvement during the year ended March 31, after widening its losses in the prior financial year.
For the year under review, Broadband Infraco posted an Ebitda loss of R36.14-million – a 55.5% improvement on the 12 months to March 2013.
Gross profit for the year was positive at R149.3-million, compared with the R65.1-million in 2013, while the company’s loss for the year contracted from R175-million in 2013 to R143-million in 2014.
Broadband Infraco had also significantly increased the cash flow generated from operations from R10.2-million in the prior year, to R328.7-million, and has reduced its cost of sales by R19.2-million to R153-million.
Revenue for the 2014 financial year rose 27.4% to R302.4-million.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation