One of the worst performers today, Speedcast International Ltd (ASX: SDA) shares have closed sharply in the red after plummeting 37.41% or $2.51 lower to $4.20.
The communication and IT solutions provider today announced its financial results for the six-month period ended 30 June 2018.
Group revenue grew 24% to US$304.9 million while underlying NPATA grew 37% to US$21.1 million.
Underlying EBITDA grew 14% to US$60.4 million with EBITDA margin impacted by 180 basis points to 19.8%. Speedcast attributed this to dilution from the UltiSat acquisition in November 2017 as well as phase 1 of the NBN contract and delays in the recovery of the energy market.