TeamTalk shares jump 22% as first-half earnings rebound

Wed, 17 Feb 2016

By Paul McBeth Feb. 17 (BusinessDesk) - TeamTalk shares jumped 22 percent after the listed telecommunications firm's first-half profit rebounded from a year earlier when it wrote down the value of its Farmside broadband services unit. It sees further gains in the second half. Net profit climbed to $1.1 million, or 4 cents per share, in the six months ended Dec. 31, from $3,000 a year earlier, when it wrote down the value of its internet services provider unit by $1.1 million, the Wellington-based company said in a statement. Earnings bef...

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