Communications company TeamTalk has reported a net profit after tax of $1.98 million in the six months to December 31, up 38% on the same period last year.Operating revenue fell 2.2% to $15.2 million. The company will pay an interim dividend of 10c a shar
Communications company TeamTalk has reported a net profit after tax of $1.98 million in the six months to December 31, up 38% on the same period last year.
Operating revenue fell 2.2% to $15.2 million. The company will pay an interim dividend of 10c a share on April 16.
"Both CityLink and TeamTalk's mobile radio division experienced unprecedented churn as customers either downsized their businesses or, in some unfortunate instances, went out of business altogether," the company said.
CityLink has lodged a comprehensive submission to the government's ultra fast broadband initiative, which would see it partner with the government to build a fibre optic network across the whole of the Wellington region.
"We believe our partnership with engineering services company Fulton Hogan is well positioned to deliver on the government's objectives," the company said, while noting the outcome of the government's initiative was uncertain.
"The group's performance will largely be influenced by two external factors – namely the outcome of the government's broadband initiatives and the overall economic environment."
