Amaysim Australia Limited Reports Audited Consolidated Earnings Results for the Year Ended June 30, 2017; Provides Earnings Guidance for the First Half and Full Year of Fiscal Year 2018; to Launch Online Device Store
The company provided earnings guidance for the first half and full year of fiscal year 2018. For the first half, the company work together with lots of landed up marketing strategies moving forward. The company has been positioning around 32% gross margin. But longer term, it assumes around 30% gross margin, and the company still stand by that in line with the competitive environment that exists.
The company announced that It is positioned for continued top-line growth in fiscal 2018 across all vertical businesses. Fiscal 2018 is on-track and in-line with management's expectations. In terms of capex, in a asset-light, technology-driven company, the company expects capex for the group to be around 1.5% of revenues.
The company will be incorporating energy into single sign-on platform, to complement the existing amaysim branded mobile and nbn capabilities. The company will further tap into subscriber demand for affordable energy and devices by launching amaysim energy in the first half of the 2018 financial year and the amaysim online device store later in the 2018 financial year.