.
iiNet Limited (ASX:IIN) has posted a record 64 per cent jump in its net profit for the full year, with the company saying that it’s on track to benefit from the National Broadband Network.
The internet service provider posted a full year net profit of $60.9 million, with revenue up 53 per cent to $941 million.
iiNet’s net profit number is significantly better than expectations, with analysts tipping net profit to come in between $54 million and $56 million.
CEO Michael Malone says the company is focused on executing its growth strategy in the year ahead.
iiNet declared a total dividend of 19 cents per share fully franked.
