TeamTalk increases profit

TeamTalk has increased earnings by 24.5 percent on a 4.8 percent rise in revenue and says it is an exciting time to be a small player in the telecommunications industry.

The net profit after tax of $4.8 million was achieved on revenue of $32 million.

"For the first half of the year many of our customers were keeping their hand firmly in their pockets waiting for the outcome of the Government’s ultrafast broadband (UFB) tender process. But once they understood that the UFB will only ever deliver generic broadband services they unbuttoned their cheque books and got back to business with Citylink," said managing director David Ware.

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.

Related News:

TeamTalk cuts annual earnings guidance, reviews management structure
Teamtalk
TeamTalk bemoans subsidy to rivals, cuts annual earnings guidance on telco levy
TeamTalk approve Farmside purchase for up to $42M
TeamTalk to buy Farmside for up to $42.1M in rural push
TeamTalk accused of taking value from subsidiary
TeamTalk boosts profit 38%, outlook hinges on broadband decisions
Daily ShareChat: TeamTalk
TeamTalk mops up CityLink in share swap
TeamTalk's mobile radio business to fund promising sectors' growth