TeamTalk Ltd. reported audited consolidated earnings results for the year ended June 30, 2017. For the year, the company reported revenue of NZD 34,047,000 against NZD 32,923,000 a year ago. Results from operating activities was NZD 7,357,000 against NZD 6,770,000 reported last year. Profit before income tax was NZD 5,708,000 against NZD 4,569,000 reported last year. Profit from continuing operations was NZD 5,300,000 against NZD 3,106,000 reported last year. Profit attributable to equity holders of the company was NZD 5,118,000 against loss of NZD 1,310,000 a year ago. Basic and diluted earnings per share was NZD 0.180 against basic and diluted loss per share of NZD 0.046 a year ago. Net cash flows from operating activities was NZD 7,121,000 against NZD 8,041,000 reported last year. Acquisition of property, plant and equipment was NZD 2,983,000 against NZD 3,191,000 reported last year. EBITDA was NZD 11,260,000. Net Debt at June 30, 2017, was NZD 21,929,000 against NZD 33,164,000 at June 30, 2016.

The company reaffirmed its earnings guidance for the year ending June 30, 2018. The company expects capital expenditure to be between NZD 6.0 million and NZD 6.5 million. The company expects 8% to 12% reduction in net debt. The company expects profit after tax to be NZD 4.1 million to NZD 5.6 million.