Alternative Networks chief executive James Murray (pictured) said the company’s ability to cross-sell products has underwritten improved results in the six months to March 31, 2010.
The firm will continue with its acquisition strategy, it said, following the purchase of reseller AKJ last year, but will focus on purchase of firms operating in the data and cloud computing field going forward.
In the first half of its 2009/10 financial year, Alternative Networks’ turnover was up three per cent year-on-year, from £45.6 million to £47.1 million. Its operating profit was up 32 per cent from £4.3 million to £5.7 million and profit before tax was up 31 per cent from £4.4 million to £5.7 million.
Alternative Networks sells fixed line and mobile voice and data products. Its mobile subscriber numbers increased by 17 per cent during the period, from 54,278 to 73,562 lines. Its fixed line customer estate increased 32 per cent to 73,562 from 55,780.
Murray said: “Most pleasing has been our ability to cross-sell products, a key differentiator against our peer group, and indicative of the increasing trend of convergence.”
He said: “The acquisition of AKJ (in late 2009) has worked very well, with the business performing strongly and proving a good addition to the group. Our financial strength leaves us well placed to complement our organic growth with further acquisitions, several opportunities for which are currently being discussed.”
Murray said further acquisitions will be in the data field, strengthening the firm’s unified communications offering.