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Beam Communications: Posts 26pc increase in half-yearly revenue

February 26, 2021

Beam Communications (BCC) has recorded nearly a 26 per cent increase in revenue to $8.95 million for the first half of FY21
The telco company also saw a positive operating cashflow of $389,352
Additionally, net profit after tax increased by 14.6 per cent to nearly $184,000
The device has won a number of awards and now distributed by major retailers including Catch Group, Myer, and Kogan.com
Beam rounded off the half year with $4.4 million in cash after a placement and positive operating cashflow
Company shares ended the day 1.67 per cent in the red to trade at 29.5 cents at market close