TTK
26/08/2015 14:04
FLLYR
NOT PRICE SENSITIVE
REL: 1404 HRS TeamTalk Limited
FLLYR: TTK: TeamTalk FY15 result media release
Media Statement
For immediate release
26 August 2015
TeamTalk Result - Getting the ducks in a row
Kiwi-owned & operated telco TeamTalk has reported a significant bottom-line
profit turnaround in the past six months in its annual result released to the
New Zealand Stock Exchange (NZX) today.
The company, which reported a bottom-line profit of just over $3,000 for the
first six months, has today declared a full-year result of $1.3m.
"There's no doubt that the first half of the financial year was
disappointing. But after carrying out an internal reorganisation with an
improved focus on our customers, using our group-wide scale & expertise, we
are seeing some promising early results," says TeamTalk Managing Director
David Ware.
"Looking ahead we see a modest improvement in earnings and we also expect
debt to reduce over the next year resulting in a much better overall picture
going forward. That sort of financial footprint will provide us with
opportunities to improve our infrastructure and service in priority areas" Mr
Ware says.
"As it was this year, we expect the second half of the coming year to be
better than the first."
The TeamTalk group includes the TeamTalk mobile radio company, CityLink's
fibre and business broadband networks and Farmside which is the dominant
consumer focused rural retail broadband and internet provider.
"Alongside our 20 years' worth of infrastructure investment the convergence
of mobile radio, wireless, satellite, copper and fibre technologies puts us
in a useful position to offer consumers more choice and innovation in the
communications marketplace" Mr Ware says.
More details on the annual result are available at:
http://www.teamtalkinvestor.co.nz/nzx-releases
ENDS
Contact: TeamTalk Managing Director David Ware - 0800 101-900
End CA:00269114 For:TTK Type:FLLYR Time:2015-08-26 14:04:01
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