BigAir lifts FY11 ebitda forecast

Fixed WiMax operator BigAir (ASX:BGL) has raised its FY11 ebitda forecast to $5.2 million from $4 million, after achieving strong growth for the month of March

Fixed WiMax operator, BigAir (ASX:BGL), has upgraded its FY11 ebitda guidance by 30 per cent on the strength of its performance so far.

The company - which operates a network covering Sydney, Melbourne, Brisbane, the Gold Cost, Adelaide and Perth - now expects to post a full-year underlying ebitda of $5.2 million.

This would be a 63 per cent increase on the company's FY10 ebitda of $3.2 million.

BigAir said its consolidated revenues surpassed $1.9 million for the month of March, with $1.4 million earned by the fixed wireless division and the remainder from its student accommodation unit.

Underlying ebtida for March likewise reached $625,000, representing an annualised run rate of $7.5 million.

The company also expects to achieve more savings from the restructuring and integration of its recent acquisitions, including Clever Communications and AccessPlus.

BigAir estimated that a further $1.6 million in annualised cost savings will be realised over the next 12 to 18 months.

BGL shares fell 2.7 per cent during Friday's trading to $0.180.

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 bigairEBITDA

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Dylan Bushell-Embling

Computerworld
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?