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TeleMasters posts more strong results

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Specialist tele-management and Business Communication Strategies player, TeleMasters, announced earnings per share and headline earnings per share returns 30% higher than forecast, reinforcing the strong performance achieved by the company since listing on the AltX exchange in  March 2007.

TeleMasters continues to deliver returns well ahead of its initial forecasts. After an initial total private share placement of 42-million shares, valued at 50c each, net profit for end September 2007 ultimately emerged at R11, 013-million. This performance surpassed its earnings forecast at listing by 51,7% with earnings growth per share of 30% to 26,95c.
Significantly, TeleMasters is totally ungeared and cash rich, with the 12c dividend offered by the company roughly 44% of Profit after Tax (PAT).  Listing expenses of roughly R1-million have been off-set by increasingly strong control over operational expenses.
“We've set out to create a period of 100% organic growth and to demonstrate our real capability,” says TeleMasters CEO, Mario Pretorius. “We expanded our sales force by 25% in latter part of year, as well as rejuvenating our channel sales thanks to the allocation of shares to staff and partners, which saw a significant strengthening of the overall sales channel.”
“What is particularly satisfying about the results is that they are not influenced by any major deals or tenders – they thus reflect the core vibrancy of the business.”
TeleMasters has also enjoyed increased clarity and shorter turnaround times when it comes to client relationships, thanks to its ongoing focus on enhancing efficiencies in its operations and systems (employee growth came in at only 9%). PAT per employee per month surpassed R447 000.00, while profit per client increased 10,25% after a thorough review by the company of the services and profitability of each client.
“Our emphasis is on profitability and client relationships, not on size. We are particularly cautious when it comes to unsustainable, opportunistic schemes,” says Pretorius.
“Looking forward we will continue to focus on the factors that differentiate TeleMasters in a crowded market, particularly our shift to a Business Communication Strategy, which we expect to bear fruit in the coming year and to deliver increased revenue thanks to an expanded product offering.”