Energis sees earnings boost from Web
Telcos benefit from growth of Internet use
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. ®
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