iiNet lifts thanks to acquisitions, better margins iiNet has reported a net profit of $32 million for the six months to December, a 122 per cent increase from the previous corresponding period, on the back of higher revenues and better margins following its Internode and TransACT acquisitions last year. Shares were up 2.2 per cent to $5.02 in early trade. The internet service provider declared an interim dividend of 8 cents per share, fully franked. iiNet's managing director and chief executive, Michael Malone, said his company had "grown to a scale where the earnings and cash flows it generates can be reinvested to ensure we continue to meet customers' needs going forward." The company also reported a 30 per cent increase in revenue to $474 million for the first-half of the 2012/13 financial year.