TeamTalk says full-year profit was $4.7M-$5.1M, more than twice guidance, on Vodafone deal

Wed, 09 Aug 2017

By Jonathan Underhill Aug. 10 (BusinessDesk) - Network provider TeamTalk says full-year profit was more than double the guidance it gave in March, largely reflecting the sale of 70 percent of BayCity Communications to Vodafone New Zealand. Net profit was between $4.7 million and $5.1 million in the 12 months ended June 30, the Wellington-based company said in a statement. That exceeds the $2 million-to-$2.4 million guidance it gave on March 1 when it released its first-half results. It posted a $1.3 million loss in 2016 In April, TeamT...

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