TeamTalk lifts annual profit 15.9 percent as broadband operations shine

Tue, 28 Aug 2012

Aug. 28 (BusinessDesk) - TeamTalk, the owner of the CityLink fibre-optic broadband business, lifted full-year profit by 15.9 percent to a record on improved returns from broadband operations. TeamTalk’s net profit for the year ended June 30 rose to $5.4 million from $4.7 million the previous year as revenue rose 2 percent to $32.4 million, it said in a statement. The company said it expects to achieve another record result in the current year, thanks to lower depreciation and interest expense. The broadband operations, which include the bus...

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