Menu
TeamTalk reports profit, signals infrastructure investment

TeamTalk reports profit, signals infrastructure investment

More announcements expected soon on national digital radio network rollout

Listed telecommunications provider TeamTalk made an improved $2.15 million profit after tax in the half-year to December 31, despite a decline in revenue.

That was an improvement from $1.35 million for the same period in 2016 and puts the business on track to meet its guidance, the company told investors today.

Revenue fell from $17.3 million in the comparable six months to 31 December 2016 to $17.1 million in the most recent half-year.

Meanwhile, net debt fell by 7.8 per cent in the period to $20.22 million from $21.93 million at 30 June 2017.

“TeamTalk’s transformation is now entering the next phase where we are starting the major investments into our infrastructure which will enable the delivery of new products and services to our customers," TeamTalk CEO Andrew Miller said.

Andrew Miller - CEO, TeamTalk
Andrew Miller - CEO, TeamTalk

In December, TeamTalk announced that it had selected Tait Communications as its partner to roll out a new nationwide Digital Tier 3 radio network. TeamTalk said further announcements regarding the timing of the rollout will be made soon.

"The reaction from the market to this announcement has been very positive and we look forward to demonstrating the new capabilities that this investment will bring to the market," Miller said.

The revenue decline for the period was primarily a result of a slowdown in sales within the radio division, Miller said, as customers postponed investment decisions while TeamTalk was choosing its network provider.

“Despite flat revenues over the last six months compared to the same period last year, EBIT has increased by 9.5 per cent," he added.

In addition, TeamTalk EBITDA was $6.36 million compared to the same period last year of $5.99 million.

"The company is on track for a resumption of dividends along with reinstatement of the dividend reinvestment option at the end of financial year 2018,” TeamTalk chair Roger Sowry added.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags NetworkingTelcoTelecommunicationsdigital radioTeamTalkTait Communications

Featured

Slideshows

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.​

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments