Bendigo Telco has announced a profit of more than $1 million for the 2019-20 financial year.
The telecommunications company, founded in 2000, announced its statutory profit after tax for the most recent financial year was $1,064,822.
The organisation's gross revenue decreased 8.9 per cent from a year ago to $33,367,674, while its gross profit margin fell 0.4 per cent to $16,714,404.
Bendigo Telco board chairman Rob Hunt commented on the changing telecommunications industry, while acknowledging the challenges Australians have faced this year.
"There clearly remains opportunities for us to add value at both the regional customer level and in regional economic market outcomes," Mr Hunt said.
"We will focus on areas where we can add strategic value and vital technical support across these markets, which are not prioritised by the major telco players."
Bendigo Telco reports an earnings per share on underlying profit after tax of 23 cents and a 69.4 per cent increase in cash flows from operating activities, to $5.9 million.
The group said it has invested in uplifting its network between Bendigo and Melbourne, with ultra-high speed, high-performance, fibre-optic infrastructure.
"The commissioning of this 100Gbps connection will enable Bendigo to become a 'One Hundred Gigabit City', marking a transformational opportunity to enable digital connectivity, which will drive innovation, attract new business and support our community," Mr Hunt said.
The telco said this work is already underway in Bendigo and following its successful implementation, expansion into other regional centres would be explored.
A final dividend of 9.5 cents was declared by the Bendigo Telco Board.
"This decision is reflective of our need to continue to foster a sustainable business model with a focus on long-term prosperity for all our stakeholders," Mr Hunt said.