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M2 Telecommunications Group Limited (ASX:MTU) says it expects to almost double its earnings for the year ahead, after posting a record full year profit.
The diversified telecommunication services provider reported a 20 per cent jump in its net profit to $33 million and EBITDA of $60.1 million.
M2 says achieving its core operational objectives boosted its result which included the acquisition of Primus Telecoms and says it is well positioned to deliver further growth and has forecast its 2013 full year net profit to be between $43 and $48 million.
A final fully franked dividend of 9 cents per share has been declared.
