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Toople gross profit rises amid new customer wins

Friday, 22nd March 2019
Small business telecom services provider Toople said its gross profit continued to improve 'substantially' after it signed up new customers in December and January.

Operating earnings, meanwhile, remained 'largely similar' to last year, chairman Richard Horsman said in speech notes for the company's annual general meeting.

'December is typically a month where SMEs do not change their service providers, however we experienced a strong month in December 2018 with a large number of new customer signups in excess of 300% when compared to December 2017,' he added.

'2019 has started in a similar fashion with January being another record month in terms of net customer contracts won (242% of January 2018 level) and February (243% of February 2018 level) showing significant progress in our key metrics when compared to last year.'

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