Macquarie Telecom Group Limited announced earnings results for the year ended June 30, 2018. For the year, the company reported full year revenue was up 6% to $233.1 million compared to $219.7 million for the previous corresponding period. Earnings before interest, tax, depreciation, and amortisation (EBITDA) of $47.8 million an increase of $7.5 million or 19.0% on the previous corresponding period. Cash flow from Operating Activities of $42.9 million. Net profit after tax was up 20% to $17.0 million compared to a profit of $14.2 million for the previous corresponding period. Capital expenditure was $33.8 million compared to $38.5 million driven by growth Capex of $11.5 million.

For the financial year 2019 the company expects that the initial capital expenditure on the Intellicentre 3 East (IC3 East) Data Centre will be approximately $75 million to $80 million, the bulk of which will be incurred across calendar year 2019. This Capex will be partially offset by a fee from Keppel DC REIT to the value of $26 million to $36 million for the development of IC3 East core and building shell. Total Capex excluding IC3 East is expected to be between $34 million to $37 million consisting of Growth Capex - $9 million to $10 million; Customer Growth Capex - $11 million to $12 million; and Maintenance Capex - $14 million to $15 million. Depreciation is expected to be between $29 million and $31 million.