TeamTalk revises first half profit expectations down after poor trading; shares drop

Fri, 23 Jan 2015

By Fiona Rotherham Jan. 23 (BusinessDesk) - TeamTalk, the listed telecommunications firm, has revised down its profit expectations for the first half of the financial year to about $2 million less than what it achieved at the same time last year, forcing an early refinancing of its debt facility. The shares dropped. Earnings before interest, tax, depreciation and amortisation for the half-year is expected to be about $6 million compared to $7.7 million in the same period in 2013 while net profit will be only marginally positive compared...

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