TeleMasters pointed to a pleasing set of financials on Tuesday (30 September), “which are in line with expectations” as the group continued to migrate customers onto its new Digital Direct technology.
The listed fixed-line telecommunication service provider reported revenue of R103.4 million, along with an operating profit of R4 million for the year ended June 2014.
The group reported a prior profit of R654, 351 for the nine month period June 2013, following a change in year-end from the end of September.
It noted diluted headline earnings per share of 6.33 cents (0.49 cents -2103) and declared a final cash dividend of 2 cents per share.
“The group is converting clients and adding new clients onto the new technology platform at a steady pace, TeleMasters said.
The group said that its sales force has been quadrupled and new emphasis is placed on re-developing the indirect sales channel through wholesale partners.
It said that the growth of virtual services that complement the voice services is growing apace, while a ViPN service of voice over cellular data was successfully launched during the reporting period.
“Data products including ISP services are being integrated and will form a substantial differentiation of the services in the future,” TeleMasters said.