Converged telecoms operator TeleMasters has reported revenue for the nine-month period to March decreased to R73.5 million, down from R79.8 million in the corresponding period in 2014.
The company says gross profit fell to R23.6 million, from R24.4 million a year ago, while operating profit was also lower at R3.2 million, down from R3.9 million in 2014.
Profit attributable to owners took a dip to R2.2 million, from R2.6 million, and headline earnings per share dropped to 5.34c per share, from 6.15c per share a year ago.
"Revenue continues to grow with trading margins at high levels. Despite the continued growth in Digital Direct, the old LCR technology remains popular with customers and through new agreements with suppliers will provide margins which will ensure growth in earnings in the coming periods," the company says in a statement to shareholders.
"The investment in new sales and technical support personnel over the past two quarters is expected to result in higher gross margin in coming periods and sustainable earnings growth."
The group says the industry remains extremely competitive, with constant pricing changes among suppliers and competitors, but the prospects and increased dealer channels bode well for the coming years.
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