donnie
29-08-2004, 01:42 PM
might be one to put on your watch list.
BSA says telco growth continues
August 27, 2004 - 1:55PM
Broadcast Services Australia Ltd (BSA), which posted a record annual net profit of $2.7 million, said growth was being driven by the need to continually upgrade communications infrastructure in regional Australia.
BSA, Australia's largest provider of domestic and commercial satellite installations for the pay TV industry, said it is well placed to efficiently deliver a range of service solutions to support the industry.
BSA secured a two year Telstra contract worth more than $40 million in May which helped drive up revenue by 46.8 per cent to $100.2 million for the 12 months ended June 30, 2004.
It also doubled the number of subcontractors to meet the required demand for the launch of Foxtel Digital and started work on its first major communications contract for the Department of Defence.
Joint managing director Daniel Lipshut said BSA has established profitable momentum and continues to grow and develop new related areas of business.
"The demand for service and installation contracting services in the broadcast and telecommunications sector is growing, particularly in regional Australia," Mr Lipshut said.
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"We are well placed to continue to profitably scale up and efficiently deliver a range of service solutions to support these industries."
BSA undertook a successful $5.5 million capital raising during the year with institutional investors and existing shareholders which strengthened the balance sheet and allowed for efficient capital management strategy.
"Future growth for BSA is being driven by the need to continually upgrade communications in regional Australia, the move to digitalise broadcast and online communications and optimising the efficient delivery of installation and maintenance services to customers," Mr Lipshut said.
By 1345 AEST, shares in BSA were up half a cent to 33 cents.
© 2004 AAP
BSA says telco growth continues
August 27, 2004 - 1:55PM
Broadcast Services Australia Ltd (BSA), which posted a record annual net profit of $2.7 million, said growth was being driven by the need to continually upgrade communications infrastructure in regional Australia.
BSA, Australia's largest provider of domestic and commercial satellite installations for the pay TV industry, said it is well placed to efficiently deliver a range of service solutions to support the industry.
BSA secured a two year Telstra contract worth more than $40 million in May which helped drive up revenue by 46.8 per cent to $100.2 million for the 12 months ended June 30, 2004.
It also doubled the number of subcontractors to meet the required demand for the launch of Foxtel Digital and started work on its first major communications contract for the Department of Defence.
Joint managing director Daniel Lipshut said BSA has established profitable momentum and continues to grow and develop new related areas of business.
"The demand for service and installation contracting services in the broadcast and telecommunications sector is growing, particularly in regional Australia," Mr Lipshut said.
Advertisement
Advertisement
"We are well placed to continue to profitably scale up and efficiently deliver a range of service solutions to support these industries."
BSA undertook a successful $5.5 million capital raising during the year with institutional investors and existing shareholders which strengthened the balance sheet and allowed for efficient capital management strategy.
"Future growth for BSA is being driven by the need to continually upgrade communications in regional Australia, the move to digitalise broadcast and online communications and optimising the efficient delivery of installation and maintenance services to customers," Mr Lipshut said.
By 1345 AEST, shares in BSA were up half a cent to 33 cents.
© 2004 AAP