Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Strong Year Positions Teamtalk For Growth

News Release
27 October 2004

Strong Year Positions Teamtalk For Growth

Wellington-based mobile radio company TeamTalk Ltd held its first Annual General Meeting as a listed company today, after a successful entry onto the NZX in May 2004.

TeamTalk delivered on all significant prospectus forecasts, and paid fully imputed dividends of 16.5c - in excess of the 15c forecast.

Chairman Joe Pope said that the company had made a successful transition from private to public ownership, and that the listing was already starting to create opportunities for the company to expand it operations.

“We’re very happy with the year’s results and are looking forward to another productive year. We expect the net surplus for the June 2005 year to be in line with the result achieved in the 2004 year.”

Managing Director David Ware said TeamTalk had a strong year, supported by moderate growth in revenue and ongoing efficiencies created within the business.

Mr Ware said TeamTalk’s acquisition strategy is focused purely on proven business models in the New Zealand environment, where it could add value.

“To that end, we have identified some market segments of interest and we are in an extremely good position to acquire some compatible businesses,” Mr Ware said.

All resolutions put to shareholders were passed and current directors Paul Collins and Geoff Davis were re-elected to the Board of TeamTalk.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Digitl: Bumper year ahead for NZ IT sector

Gartner says New Zealand spending on technology products and services will grow 7.4 percent this year. The company’s latest forecast says the market will total NZ$15.3 billion in 2022... More>>



Fonterra: Lifts Forecast Farmgate Milk Price Range

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, up from NZD $8.40 - $9.00 per kgMS. This increases the midpoint of the range, which farmers are paid off... More>>

Federated Farmers: NAIT Levy Increases Must Achieve Accurate, User-friendly System
Nobody welcomes extra costs but if OSPRI is to catch-up on under investment in the NAIT platform and deliver on its workability and farmer support, levy increases are probably necessary, Federated Farmers says... More>>



Skoltech: Study Probes Earth’s Turbulent Past To Explain Where Oceans Came From

The origin of water on our planet is a hot question: Water has immense implications for plate tectonics, climate, the origin of life on Earth, and potential habitability of other Earth-like planets. In a recent study in Physical Review Letters, a Skoltech professor and his Chinese colleagues suggest... More>>


Statistics: Household Net Worth Grows In The September 2021 Quarter But At A Slower Pace Compared To March 2021

Household net worth grew by $60.7 billion in the September 2021 quarter compared with the June 2021 quarter, Stats NZ said today. This represents an increase of 2.5 percent, a similar result to the June 2021 quarter, which was up $60.6 billion or 2.6 percent... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>