Superloop’s AGM Highlights

  • Oct 30, 2019 AEDT
  • Team Kalkine

Superloop Limited (ASX: SLC), was founded in 2014 to connect Asia pacific to cloud, with a legacy-free network capable of fulfilling the growth in demand for bandwidth.

Key Highlights:

  • The company invested $256 million in advanced fibre networks connecting bandwidth-intensive properties across Asia Pacific;
  • The core fibre connectivity revenue for FY19 was up by 89% YoY;
  • The company reported EBITDA of $8.5 million for FY19; and the guidance for FY20 is in the range of $14 million to $16 million.

At AEST 01:44 PM, the stock was trading at $1.142 per share, up by 0.6% from its previous close.

 

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