TeamTalk returns to full-year profit, affirms guidance for 2018

Wed, 23 Aug 2017

By Jonathan Underhill Aug. 23 (BusinessDesk) - TeamTalk returned to full-year profit and affirmed its guidance for 2018 as the network provider trims its debt and prepares for a resumption of dividends. Profit was $5.1 million in the 12 months ended June 30, from a loss of $1.3 million a year earlier, the Wellington-based company said in a statement. Revenue from continuing operations climbed 3.4 percent to $34 million. It recognised a gain on the sale of discontinued operations of $2.97 million. TeamTalk raised its forecast for 2017 p...

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