ASX-listed telecommunications, cloud and IT solutions provider Over the Wire increased revenue by 17% to $50.3 million for the half year ending December 2020, with earnings before interest, taxes, depreciation and amortisation (EBITDA) increasing 28% to $10.5 million.
The operator of the national broadband network, NBN Co, is trumpeting strong momentum and earnings growth, recording quarterly earnings of $102 million in the three months ending September 2020, compared to a loss of $435 million in Q1 FY2020 – and with total revenue of $1.07 billion for three months, up 22% on the corresponding quarter last year.
Chinese telecommunications equipment vendor Huawei Technologies says its revenue for the first half of calendar 2020 was 451.7 billion Chinese yuan (A$92.8 billion), an increase of 13.1% year-on-year with the net profit margin being 9.25%.
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