TigerTel Communications Inc. Announces Results for the First Quarter Ended July 31, 2009
September 14 2009 - 3:23PM
Marketwired
TigerTel Communications Inc. (TigerTel) (TSX VENTURE: TTL),
announced today its operating results for the three-month period
ending July 31, 2009. TigerTel reported revenue of $5,738,842,
direct costs of $2,684,142 and a gross profit of $3,054,700.
Operating expenses amounted to $2,143,435. Net earnings before
interest, taxes and amortization for the period was $911,265.
Interest, amortization and provision for income taxes amounted to
$72,186, $352,341 and $175,787 respectively resulting in net income
for the period of $310,951.
For the corresponding period last year the Company reported
revenue of $5,627,014, direct costs of $3,134,497 and a gross
profit of $2,492,517. Operating expenses amounted to $1,976,006.
Loss on sale of an operating division was $46,280. Net earnings
before interest, taxes and amortization for the period was
$470,231. Interest, amortization and provision for income taxes
amounted to $101,380, $307,655and $31,599 respectively resulting in
net income for the period of $29,597.
Douglas D. Swift, President and CEO, commented, "Q1 proved to be
a very solid start to our 2010 fiscal year. Although we have
experienced some weakness in our message center traffic we were
able to offset this with improved operating efficiencies. Our focus
for this year is maintaining tight cost controls. We are
anticipating substantial improvements in operating efficiencies and
at the same time balancing increases in support and admin costs
with revenue levels. We remain cautiously optimistic for the
remainder of the fiscal year given the continued unpredictable
business and economic climate."
About TigerTel
TigerTel, a Canadian call center organization, specializes in
inbound and outbound call center solutions and services for clients
throughout North America. With multiple call centers across Canada,
TigerTel has built an infrastructure that provides personalized
services to our clients while at the same time delivering
world-class results at every level. Tigertel's vision is to provide
interactive communication solutions for our clients and their
customers by a team focused on service excellence, personal
integrity and technical innovation.
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
responsibility for the adequacy or accuracy of the content on this
news release.
Contacts: TigerTel Communications Inc. P. Livingstone
905-629-7190
Tigertel Communications (Tier2) (TSXV:TTL)
Historical Stock Chart
From Dec 2024 to Jan 2025
Tigertel Communications (Tier2) (TSXV:TTL)
Historical Stock Chart
From Jan 2024 to Jan 2025