Financial Report FY2020
Sydney, Aug 25, 2020 AEST (ABN Newswire) - In the financial year the MNF Group (
ASX:MNF) (M2S:FRA) derived recurring and variable revenue from the sale of its software and services in Australia, New Zealand and internationally.
Wholesale
The Wholesale business unit provides voice and communications capabilities including phone numbers, voice carriage services and telco cloud services.
Domestic Wholesale customers are predominantly Retail Service Providers (RSPs), Managed Services Providers (MSPs) and IT companies in Australia or New Zealand. Domestic Wholesale services are typically sold through subsidiary brands Symbio Networks, iBoss and Telcoinabox.
Global Wholesale customers are predominantly international UCaaS, CPaaS and CCaaS vendors, software and app developers and global telecom providers. Global Wholesale services are typically sold through Symbio Networks and TNZI.
Direct
The Direct business unit provides mobile, conferencing and collaboration services directly to residential, small business, enterprise and Government customers, predominantly in Australia.
Enterprise and Government customers are served through the MNF Enterprise brand in Australia and Supernet in Singapore. Small business customers are served by Connexus and Express Virtual Meetings, while residential customers are served by Pennytel and MyNetFone.
Operating Result
Excluding costs associated with acquisitions, earnings before net interest, tax expense, depreciation and amortisation expense (EBITDA) increased by 40.5% to $38.2m, with net profit after tax (NPAT) increasing by 20.2%* to $11.9m, compared to the prior year.
The total dividend for the full year is 6.1 cents per share (fully franked), with the Company declaring a final dividend of 3.6 cents per share for the second half of the 2020 financial year. The full year dividend payments represent 41% of the 2020 full year EPS.
To view the FY20 Results Presentation , please visit:
https://abnnewswire.net/lnk/572VN612
To view the FY20 Financial Report, please visit:
https://abnnewswire.net/lnk/R23M5BSP
About Symbio Holdings Limited
Symbio Holdings Limited (ASX:SYM) is a software company changing the way the world communicates.
Symbio's technology replaces old-fashioned telecom networks with software, making it faster and easier to deliver modern cloud-based communication services, unlocking endless new applications for calling, messaging and phone numbers.
Symbio is the backbone for the global cloud communication industry. Over 500 service providers - from telecom start-ups to the world's biggest software companies - rely on Symbio for the connectivity, quality and expertise they need to solve complex communication challenges.
Headquartered in Sydney, Symbio powers billions of calls and messages each year, owns networks in three countries and employs over 450 staff worldwide.
For more information about Symbio visit www.symbio.global
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