Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
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Stan Beer
Thursday, 01 December 2005 16:14
Shares in box mover and IT services company, Volante Group (ASX:VGL), were trashed again yesterday diving to a new 12 month low.
Yesterday's closing share price of 81.5c, a drop of 3.5c in a day of heavy selling, takes Volante's market valuation to less than half of what the company was worth in January this year, when shares were at $1.70.
The downward slide was triggered late last month when the company issued a profit warning for the half ended 31 December 2005. Bottom learning earnings are expected to be down by up to 39% for the half due to slow box sales. Volante is moving the focus of the company to services.
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