Bigblu Broadband plc

Equities

BBB

GB00BD5JMP10

Integrated Telecommunications Services

Market Closed - London S.E. Other stock markets 11:35:21 2024-04-26 am EDT			5-day change	1st Jan Change
34 ^GBX	+1.49%		0.00%	+1.49%

2023	FTSE 100 Finishes Higher on Strong Overseas Handover	DJ
2023	Bigblu Broadband half-year loss widens as costs climb	AN

Bigblu Broadband half-year loss widens as costs climb

August 29, 2023 at 06:12 am EDT

(Alliance News) - Bigblu Broadband PLC on Tuesday said its interim loss widened as a result of upped costs but reported a slight increase in revenue.

The London-based provider of alternative superfast and ultrafast broadband solutions throughout Australasia and the Nordics said in the six months to May 31, pretax loss widened to GBP1.8 million from GBP183,000 a year prior, as a result of higher distribution and administration expenses of GBP6.0 million.

This was in spite of fairly stable revenue, which edged up 0.7% to GBP15.0 million from GBP14.9 million the year before due to net customer growth. However, this figure was impacted by negative foreign exchange rates, the company explained.

Looking ahead, Bigblu said it expects a positive second half and is "comfortable" with full-year market expectations.

Shares in Bigblu were up 9.2% at 44.75 pence each in London on Friday morning.

Chief Executive Officer Andrew Walwyn said: "The overall performance of the group is in line with the board's expectations. We are carefully extending our product offerings with our partners in each region, thereby increasing our addressable markets, at the same time implementing new systems in each territory and cutting central headcount and other costs."

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Bigblu Broadband plc

FTSE 100 Finishes Higher on Strong Overseas Handover	23-08-29	DJ
Bigblu Broadband half-year loss widens as costs climb	23-08-29	AN
Earnings Flash (BBB.L) BIGBLU BROADBAND Posts H1 Revenue GBP15M	23-08-29	MT
Earnings Flash (BBB.L) BIGBLU BROADBAND Posts H1 Loss GBX-3.30	23-08-29	MT
Bigblu Broadband plc Reports Earnings Results for the Half Year Ended May 31, 2023	23-08-29	CI
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Bigblu Broadband shares plunge as like-for-like revenue down	23-06-05	AN
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Bigblu loss widens, revenue up as costs increase; confident of growth	23-03-20	AN
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Earnings Flash (BBB.L) BIGBLU BROADBAND Reports FY22 Revenue GBP31.2M	23-03-20	MT
Bigblu Broadband plc Reports Earnings Results for the Full Year Ended November 30, 2022	23-03-20	CI
Bigblu Broadband business makes AUD4.72m satellite purchase	23-02-02	AN
Bigblu Broadband's Australian Unit Completes Purchase Of Harbour ISP's Satellite Operations	23-02-02	MT
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Chart Bigblu Broadband plc

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Company Profile

Bigblu Broadband plc is a provider of alternative broadband solutions throughout Australia and Norway. The Company's operations and its principal activities are the provision of satellite and wireless broadband telecommunications and associated/related services and products. The Company delivers a portfolio of wireless broadband products for consumers and businesses typically unserved or underserved by fiber. The Company's solutions include satellite, next-generation fixed wireless, and fourth generation (4G)/fifth generation (5G) delivering between 30 megabits per second (Mbps) and 150 Mbps for consumers, and up to one gigabyte per second (Gbps) for businesses. The Company provides customers with a full range of services, including hardware supply, installation, pre-and post-sales support, billings, and collections, offering appropriate tariffs depending on each end-user's requirements. The Company's subsidiaries include SkyMesh PTY LTD, Brdy AS, BBB Ausco Limited, and others.

Sector

Integrated Telecommunications Services

Calendar

2024-08-26 - Q2 2024 Earnings Release (Projected)

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