Superloop Limited (ASX: SLC​) is pleased to announce its financial results for the first half of Financial Year 2020 with an EBITDA of $4.1m, in line with our expectation of $51.3m of total group revenues and featuring a 48% PcP connectivity growth and a 70% reduction in Capex yoy.

This has been achieved by a strong underlying margin growth in our core portfolio, offset by a reduction in non-core margins from CMS, non APAC (US/UK) WiFi base sold, and absence of INDIGO development revenues from prior year as well as higher sales and quicker delivery, is translating to strong growth across our core fibre offerings.

Commenting on the H1 FY20 result, Superloop Chief Executive Officer Drew Kelton said, "with Superloop’s Asia Pacific network now complete, Management’s focus is on a  portfolio of key initiatives to enable the  Group to scale to meet customer needs and  utilise network capacity."

You can download the H1 FY20 documents below:

FY20 Half Yearly Report and Accounts
FY20 Half Yearly Results Presentation