Friday, April 23, 2021

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Beam Communications: Posts 26pc increase in half-yearly revenue

  • Beam Communications (BCC) has recorded nearly a 26 per cent increase in revenue to $8.95 million for the first half of FY21
  • The telco company also saw a positive operating cashflow of $389,352
  • Additionally, net profit after tax increased by 14.6 per cent to nearly $184,000
  • The device has won a number of awards and now distributed by major retailers including Catch Group, Myer, and Kogan.com
  • Beam rounded off the half year with $4.4 million in cash after a placement and positive operating cashflow
  • Company shares ended the day 1.67 per cent in the red to trade at 29.5 cents at market close

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