Vocus reported an underlying net profit after tax of $127.1 million — down 16 per cent on the prior year. Revenue grew 4 per cent to $1.9 billion in the 12 months to 30 June, while earnings before interest, tax, depreciation and amortisation grew 7 per cent to $360.4 million. Over the last few months Vocus has undertaken a “major reset” across its board, leadership and strategic priorities, Russell said.

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Russell, replacing Geoff Horth. The former CEO departed earlier this year after a series of, whose brands include Commander, Dodo and iPrimus. Russell said that Vocus had made good progress on renewing its leadership in a short period of time, including his appointment in late May. “Just three months on effectively there’s been five new appointments into the team,” he said. In January the telco that has seen a significant reshuffle of its executive ranks. Russell said that Vocus’ primary focus going forward is growth.