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Cabletalk continues momentum

Cabletalk continues momentum

Strong earnings from continuing business

The Board of Cabletalk Group has announced a net profit of $1.22 million for the six months to 30 September 2005, (last year $1.17 million). However the significant feature of the current result is the profit improvement from continuing operations. Last year the half yearly result included revenue from the Telecom contracts which terminated in June 2004.

Chairman Ross Keenan noted that this result was the first clear indication of the growing momentum of the new structure. He said that the Group was achieving strong growth in all key businesses and the recent purchase of Fort Lock Services had produced exciting opportunities to develop new businesses off a related digital technological skill base.

Looking ahead, Keenan said growth prospects were on track and the Company expected to report continuing improved performance for the full year, in line with previous announcements.

No interim dividend will be paid but the Company expects to pay a final dividend once the results for the full year to 31 March 2006 are finalised.

The importance of the result for the six months to 30 September 2005 is that it represents earning streams entirely from businesses that the Company continues to operate and which the Board is satisfied are achieving satisfactory margins which will strengthen as efficiencies of scale are delivered.

The Company advised that it is continuing to examine further acquisition opportunities but they must meet the Board’s required criteria.

For the Board

Ross B Keenan


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