TeamTalk's Half Year Profit up 21%

11 Feb 2011

In what has been a challenging time for the telecommunications industry TeamTalk is pleased to announce a result that swims against the tide.

Revenue for the first half of the 2011 was up 2.2% on same period last year to $15.6m which along with a disciplined approach to containing costs has resulted in a first half net surplus after tax of $2.3M up 21.6%.on 2010.

"While I'd love to attribute the result to some flash new initiative on my part the fact of the matter is this all down to our team. Our guys work harder and are more customer focused than the competition" said Managing Director David Ware.

The economy has also been good to us we've started to see a modest upturn as some of our customers start to gear up in anticipation of an overall economic upswing.

While we are mindful that one swallow does not make a spring we remain cautiously optimistic that the momentum will continue for at least the remainder of the year said Ware.

For more information please contact:
David Ware, TeamTalk
0800 101-900