Superloop Limited (ASX:SLC) has provided the trading update for FY2020 ended 30 June 2020.
- SLC attained midpoint of EBITDA guidance of A$13.5 million.
- Group revenue is A$107 million driven by robust growth in underlying recurring fibre connectivity revenue.
- Continued strong fibre connectivity sales trajectory and reported a 46% YoY growth in total new fibre connectivity annualised revenue.
- Capital expenses reduced nearly 70% YoY excluding IRU’s, due to major network infrastructure completed in FY2019.