[By NBC-1TV H. J Yook]XBT Holding Ltd., a global hosting and network solutions provider, has announced its 2012 year-end results, showing a 40 percent increase in revenue thanks to new customer wins and increased geographical reach.
EBITDA margin grew 3 percent year-on-year to reach 30 percent. This growth was driven by cost-efficient operations. XBT Holding's customer base increased to 4,600 during 2012.
Further details of XBT Holding's 2012 performance are presented below:
“Last year was pivotal for our company,” said Rajesh Kumar Mishra, Chief Financial Officer, XBT Holding. “We grew rapidly by establishing a solid presence in new expanding vertical markets and geographical regions. This helps us provide value added hosting and network services to more customers worldwide.”
Improved performance in XBT Holding‘s debt to equity from 0.64x in 2011 to 0.33x in 2012 also positions the company well to sustain its growth while continuing to reward its investors. Auditor KMPG noted: “The Group manages its capital to ensure that it will be able to continue as a going concern while interesting the return to the investors through the strive to improve the debt to equity ratio. The Group’s overall strategy remains unchanged from last year.”