Rev­enue rises to R90.44 mil­lion

The Star Early Edition - - COMPANIES - Sandile Mchunu

TELEMASTERS Hold­ings re­ported a 14.41 per­cent in­crease in rev­enue to R90.44 mil­lion for the nine months to March, from R70.05m com­pared with last year. The board said it was pleased to note the in­crease in sales, prof­its and cash gen­er­ated from op­er­at­ing ac­tiv­i­ties and the re­duc­tion in ex­penses. “The board is pleased with the con­tri­bu­tion from re­cently ap­pointed Talana Smith as chief fi­nan­cial of­fi­cer who brings a sharp fo­cus on mat­ters af­fect­ing the strat­egy driv­ing the busi­ness,” the group said. Profit was up 95.21 per­cent to R1.55m, from R794 192 while head­line earn­ings a share in­creased to 3.69 cents a share, from 1.99c last year. The board de­clared a div­i­dend of 0.5c a share for the pe­riod. –

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