Listed technology firm TeleMasters said on Tuesday earnings and cash flow for the six months to December 2019 had increased, driven by cost saving measures and building an annuity-based business model.
“This gives us and our customers the opportunity to budget for and plan communication expenses throughout the year, thus providing a clear return on investment benefit,” the company said.Headline and diluted headline earnings per share also increased to 3.9c from 1.34c in the previous six months. While the full affect Covid-19 cannot yet be determined, TeleMasters' board of directors is of the opinion that, “the group has sufficient resources to continue as a going concern for the immediate future”.
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