Vocus Resets Focus
After a torrid year of challenges and guidance downgrades, Vocus ended fiscal 2018 with flat adjusted EBITDA of AUD 366 million, while suffering a 17% fall in normalised net profit after tax to AUD 127 million. These were largely in line with our expectations, albeit at the lower end of management projections back in February.Critically, the result was not generated under the watch of the recently-appointed CEO Kevin Russell who has promptly reset the fiscal 2019 EBITDA base at AUD 350 to 370 m...
Vocus Group is a telecommunications provider, providing telecommunications and other services to customers across Australia and New Zealand.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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