Menu
Christchurch company bucks the trend

Christchurch company bucks the trend

Revenue growth remains the focus of the fibre optic company

Christchurch-based Enable Networks has announced an after tax profit growth of 235% compared to normalised profit in the previous year. The figure was announced at the company’s annual general meeting on Tuesday. Enable recorded a net profit after tax of $448,000 in its third year in business, compared with a normalised profit of $192,000 in the previous year. The company says that the growth was driven by increasing demand from customers and channel partners, as well as extensive coverage and new products.

According to Enable Networks’ CEO Steve Fuller, revenue growth remains the focus of the fibre optic company, along with the expansion of coverage to reach 85% of Christchurch businesses by 2011.

“During the first half of 2010 we delivered ultra fast fibre to 35 Christchurch schools with a further 53 contracted to connect, creating the largest and faster growing schools’ network in New Zealand,” explained Fuller adding that “the year ahead is about building on the current business to achieve a position of strength and determining the role Enable Networks can play in taking Ultra Fast Broadband to Christchurch homes.”

Enable Networks has submitted a proposal for the government’s Ultra Fast Broadband project.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags fibre opticenable networks

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments