Cable and Wireless Communications, which owns telecoms operators, has maintained the guidance given at the full year, saying group EBITDA will be similar to 2011/12.
In addition, it expects capital expenditure of around $350m for the full year ending March 31st 2013, with cash exceptional costs coming in between $30m and $35m. Dividend guidance for the full year is for four cents a share.
Tony Rice, Chief Executive of Cable & Wireless Communications, said: "We have delivered a respectable performance in the first half. Despite a challenging period for the telecoms industry as a whole, our group has posted a balanced performance, with EBITDA [earnings before interest, tax, depreciation and amortisation] rising 2%."
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For the six month period revenue fell slightly to $1.43bn from $1.44bn, while pre-tax profits rose to $164m from $145m for the first half a year before.
Interestingly, mobile revenues grew by 9%, including mobile data revenue growth of 36%.
Total net debt at September 30th 2012 was about $1.59bn, compared with $1.39bn as at March 31st 2012.
It has declared an interim dividend of 1.33 cents a share.
CM
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