Making money out of the Internet might seem like the search for the Holy Grail to some, but not if you're a telco. Energis, floated off from National Grid earlier this year, has made a breath-taking leap toward being in the black thanks to the Web Pre-tax losses stood at £31.1 million -– around half of last year's figure. For the year ending 31 March, Energis saw turnover up at £285.5 million. Of that, Web-related sales stood at £77.4 million –- an increase of 194 per cent on last year. Sales from core telephony business stood at £73.6 million -– up 33.6 per cent. ®