The profit for FY2018 was down 1.7%, with the group attributing this to its one-off investment in the Pennytel brand launch of $2.3 million. But the company said that its gross margin rose 18% to $69 million.
Chief executive Rene Sugo said: "“We are pleased with our gross margin growth, which was driven by strong growth across all segments: domestic wholesale (up 15%), global wholesale (up 17%) and domestic retail (up 22%).
“The domestic retail segment benefitted from a full-year contribution of CCI, as well as strong growth in enterprise and government (up 13%) and small to medium business (up 11%).
The company said it had adopted a four-dimensional growth strategy:
"Growth by geographic expansion – driven by the global wholesale segment as the company invests in additional network assets in new countries through-out the Asia-Pacific region;
"Growth by enhancing software capabilities – driven by the company’s pedigree of software innovation, continuing to expand its suite of communications software products and services;
"Growth by customer acquisition – as the company grows its market share domestically and globally, by acquiring new wholesale, business, enterprise and government customers; and
"Growth by customer expansion – as existing wholesale customers domestically and globally grow their own user base, these customers continue to acquire incremental capabilities from our company."