KEY POINTS:
Cabletalk Group has reported a full year net loss of $6.8 million, compared to a loss in the previous year of $492,000. Last week, shareholders approved plans for Cabletalk to sell its telecommunications contractor Astute Ltd to Downer EDI Engineering, after losing a key contract to the Australian company.
The purchase was for around $5 million, with the company hoping to be able to indicate how much cash will be left in the coming weeks. Cabletalk's shares tumbled from 47c to 2.5c yesterday.
- AGENCIES
