TeamTalk has posted a $4.8 million profit for the year to June, a 24.5 percent increase on last year’s figure.
Revenue was up 4.8 percent to $32 million, of which $14.6 million came from TeamTalk’s CityLink fibre division, and $17.4 million from the company’s longer-established mobile radio division. TeamTalk acquired CityLink in 2006.
The portion of revenue from CityLink was up $1.88 million on last year, TeamTalk CEO David Ware told Computerworld.
In contrast, revenue from mobile radio was down slightly, by $420,000.
TeamTalk released a statement on the NZX website yesterday discussing the results.