And, the company reports earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 144% to $2.6million, compared with the same period in the previous year.
The company says its indirect business - providing white-labelled wholesale telecommunications services to Retail Service Providers - performed well in a “challenging market” with competitive pressures restricting the growth of its smaller retail service provider clients.
Inabox’s Indirect business unit contributed $24.3 million in revenue, an increase of 8% compared to the first half FY15.
• Assisting selected clients to acquire other retail service providers
• Directly acquiring the customer bases of smaller competitors, and
• Focusing on sales of next-generation voice and data services, which are helping to offset the slow but gradual decline in fixed line services.
The company’s Direct business - providing IT, communications and cloud-based products and services to small and medium-sized businesses (SMBs) Australia-wide under the Anittel brand – also performed well, according to Inabox.
Direct business contributed $16.2 million of revenue.
Since acquiring Anittel in January last year, Inabox has restructured and repositioned the Direct business, and reports that that it is “dramatically improving” its performance and profitability.
Inabox says that in 2H-Fy16 and FY17 it plans to strengthen its Direct business, particularly in the eastern states, with the introduction of additional
products and services tailored to its SMB clients.
“Inabox will continue to invest for organic growth and, where there is a good strategic fit, it will acquire complementary IT and communications businesses,” the company says in its statement to the ASX.
On its enablement business, provides provisioning, billing and support services to mass market retail customers, Inabox says the unit continued to grow strongly during the half year with 23,000 new supported services added and total supported services now in excess of 55,000.
Inabox’s enablement business contributed $1.4 million of revenue, an increase of 93% compared to 1H-FY15.