MNF Group Ltd (ASX:MNF) share price closes 18% lower on full-year results


Shares in MNF Group Ltd (ASX: MNF) closed 17.92% lower on Tuesday, down $1.05 to $4.81 after the integrated telecommunications software and network provider reported its full-year results, posting a net profit after tax (NPAT) of $11.9m, down 2%.

Revenue grew 15% to $220.7 million, with gross margin increasing by 18% to $69 million.

Earnings before interest expense, tax, depreciation and amortisation (EBITDA) rose by 3% to $24.6 million, which MNF says was impacted by a one-off investment into the Pennytel brand launch of $2.3 million.

CEO Rene Sugo said: “We are pleased with our Gross Margin growth, which was driven by strong growth across all segments: Domestic Wholesale (up 15%), Global Wholesale (up 17%) and Domestic Retail (up 22%).”

The company declared a final dividend of 4.05 cents per share. The total dividend for the full year has increased 1% to 8.35 cents per share, fully franked.


MNF Group says it has adopted a four-dimensional growth strategy, including growth by geographic expansion, enhancing software capabilities, customer acquisition and customer expansion and believes it is well placed to execute this growth strategy in the short and longer term.

Since the beginning of 2018, the MNF Group Ltd share price has declined by 24.37% compared to the S&P/ASX 200 Index which has gained 3.95% in the period.

Peer in the tech and telecommunications sector Speedcast International Ltd (ASX: SDA) also plummeted lower today, plummeting 37.41% lower today, with its down 29% in the last 3 months. 

Here’s how you can strike it rich in the share market…

The best way to strike it rich in the share market is to buy shares that are not only cheap, but growing quickly.

Combining countless hours of research with over 30 years of hands-on stock market investing experience, The Capital Club’s founder Bruce Jackson has just published his definitive list of 3 Cheap and Good ASX Stocks for 2018.

Best of all, the report is absolutely free, exclusively for readers of The Capital Club.

In this comprehensive free report, you’ll find the name of one ASX gold stock that’s not only profitable, but trading at less than 4 times forecast profits.

You’ll also discover the name of a company one fund manager has called the cheapest stock in the ASX 100, and you’ll read about the three catalysts that could push the share price higher in the next six months.

Finally, the report names one of the cheapest retailers trading on the ASX, a company that just picked up the assets of a distressed competitor on the cheap, paying just 2 times earnings. No wonder one top fund manager thinks its share price could at least double.

With the share prices of each of these 3 companies having the potential to double or more, you’ll want to act now. Simply click here or the button below, enter your email address, and this free report will be instantly sent to you.

See the 3 stocks

Contributors to this article may own shares in some of the companies mentioned in this article. The Capital Club has a thorough disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
Lauren Surplice is a keen follower of the stock market, investing in individual companies and funds. She follows the daily stock market news, covering the ASX stocks that are moving the markets. You can contact Lauren at