Revenue rises to R90.44 million

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. –