TeleMasters Keeps Growing

Specialist tele-management and Business Communication Strategies player, TeleMasters, announced strong revenue growth in its first quarter 2008 interim results, and predicts continued positive returns.

Having listed on the Johannesburg Securities Exchange (JSE) on 12 March 2007 and outstripped its initial performance forecasts by some
distance, TeleMasters’ second quarter 2008 interim results see a continuing growth for the company, with revenue up by 13.76%. TheDirectors also declared a 6c dividend for the half-year.

“The increase in revenue results purely from organic growth and includes no additional revenue from any of our proposed acquisitions,
which are in the process of being finalised,”says Mario Pretorius, TeleMasters CEO. “TeleMasters remains cash positive with a good liquidity position. Although R9,9m was disbursed through tax and full year dividends – which did not feature in the previous period – cash is comparatively lower by only 2,37%. The company remains ungeared, profitable and cash generative.”

TeleMasters’ enjoyed a strong entrance into the JSE with a very positive set of initial results. The company achieved much of this success through a guaranteed ability to cut costs in all technical and logistical environments, offering key telecoms savings for organisations ranging widely in size. Currently one of the fastest
Business Communication Strategy companies in South Africa,TeleMasters was established in 1996. After 10 years of operation it has accumulated 2 800 clients, is staffed by a compliment of 26 employees and supported by a network of 198 active dealers,
reinforcing strong reach across South Africa.

By Kristi Jankowitz