Feeds

Affinity losses widen

Share price rises

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Shares in Affinity Internet rose more than 22 per cent by the close of play despite announcing earlier today that operating loss increased threefold last year.

Publishing its preliminary results for the year ended 31 December 2000, the service provider and all round Internet business which runs more than 150 branded ISPs reported that operating losses increased from £9.1 million in 1999 to £26.8 million last year.

Turnover for the year rose almost in line with losses from £3.4 million in 1999 to £11.3 million in 2000.

The outfit said it was "well financed and well placed to concentrate on driving profitable revenues through the business".

Affinity reported that it service 1.67 million active Internet accounts across the UK and Europe.

However, it doesn't believe the slowdown in sales for the home PC market will hit future ISP registrations. Instead, it believes any slack here will be taken up by other Net access media such as kiosks, set-top boxes and PDAs.

Shares in Affinity ended the day up 57.5p at 317.5p. ®

New hybrid storage solutions

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
Alibaba swings a large one with STONKING IPO legal bills
Chinese e-commerce beast searches for $21bn from investors
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
EMC has nothing to say on VMware sale plan
Rumour and counter-rumour swirl around Wall Street
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.