TigerTel Communications Inc. Announces Results For The Second Quarter Ending October 31, 2005.
For the corresponding period last year the Company reported revenue of $3,748,477, direct costs of $1,897,060 and a gross profit of $1,851,417. Operating expenses amounted to $1,525,749. A net gain of $218,532 was recorded from the sale of its Edmonton, Alberta branch. Net earnings before interest, taxes, and amortization for the period was $544,200. Interest and amortization amounted to $124,846 and $238,959 respectively resulting in net earnings for the period of $180,395.
For the six months ended October 31, 2005, Tigertel reported revenue of $7,941,119, direct costs of $3,804,769 and a gross profit of $4,136,350. Operating expenses amounted to $3,193,834. Net earnings before interest, taxes and amortization for the period was $942,516. Interest, amortization and income taxes amounted to $241,357, $473,557 and $50,000 respectively resulting in net earnings for the period of $170,492.
For the corresponding six-month period last year the Company reported revenue of $7,631,891, direct costs of $3,922,684 and a gross profit of $3,709,207. Operating expenses amounted to $3,064,277. A net gain of $218,532 was recorded from the sale of its Edmonton, Alberta branch. Net earnings before interest, taxes and amortization for the period was $863,462. Interest and amortization amounted to $239,085 and $473,557 respectively resulting in net earnings for the period of $150,820.
Douglas D. Swift, President and CEO, commented, "The second quarter of this fiscal year just ended proved to be a Company best in terms of total revenues as well as quarterly net earnings. This partially came about from our Company's assistance to several agencies involved with international relief and fundraising efforts resulting from several natural disasters this past September. Year to date revenue has increased over $300,000 versus the same period last year. Direct costs as a percentage of revenue have shown substantial reductions (7.0% less than last year) and EBITDA and net earnings continue to show growth. Our ongoing investment in the Company's technology infrastructure has positioned us well for continued growth.
Canada call centers organization TigerTel/UTR specializes in inbound and outbound call center solutions and services for clients throughout North America. With multiple call centers in Canada, TigerTel/UTR has built an infrastructure that provides personalized services to our clients while at the same time delivering world-class results at every level.
This news release contains forward-looking statements that involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in forward-looking statements.
TIGERTEL COMMUNICATIONS INC.
Douglas D. Swift
President and Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of the content on this news re lease.
TigerTel Communications Inc. (TSX VENTURE:TTL)
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|Date:||Dec 16, 2005|
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