2degrees earnings show cash momentum

2degrees earnings show cash momentum
2degrees CEO Mark Callander says the company has finished the integration of Vocus and is pursuing growth. (Image: supplied)
Pattrick Smellie
Telecommunications and electricity retailer 2degrees produced a 40% uplift in free cashflow from operations in the year to June 30 and an 11.5% increase in operating earnings in the year to June 30.While changes in the value of energy derivatives in the last financial year produced a net statutory loss of $22.6 million for the year, compared with a $4.8m loss the previous year, those were non-cash impacts that did not reflect trading results.On an earnings before interest, tax, depreciation, amortisation (ebitda) basis, 2degrees reported a $40....

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