Cabletalk in the black at half-year

Revenue for the period was $22.8 million and earnings before interest, tax, depreciation and amortisation came to $1.125 million.

After non-recurring integration costs of $412,000, the company recorded a net profit before tax and amortisation of $511,000.

MD Peter Wilson says the interim result is satisfactory and incorporates a lot of one-off costs associated with the capital raising, and implementing new systems.

"We are confident that the company now has reached a level of activity which will allow it to achieve its full year forecast revenue of $46 million."

Mr Wilson says there's strong demand for the company's core business of telecommunications network design, build and servicing and it has recently won a contract for networks in Tuvalu, a Pacific island nation.

"The Tuvalu contract is a significant boost for Cabletalk Group as it is the company's first offshore project, and was not included when we made our original forecasts.

"It will also provide Cabletalk Group with a platform to do other contract work in the near Pacific region," Mr Wilson says.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.