Feeds

Affinity Q1 losses stack up

Boy oh boy oh boy oh boy

  • alert
  • submit to reddit

3 Big data security analytics techniques

Affinity Internet - which today announced it bought trendy ISP breathe - posted a pre-tax loss of £6.6 million for Q1 to March 31 against a profit of £1.24 million in the same period last year.

Turnover for the Internet services group more than doubled from £2.07 million in Q1 2000 to £5.6 million in Q1 2001.

Announcing its Q1 figures, Affinity also said it was embarking on a re-branding exercise in a bid to "simplify [its] offering and create a global brand enabling Affinity to fully exploit the group's brand value".

Its business structure has also been simplified in the hope of cutting costs and increasing sales opportunities across its different activities.

Affinity's Internet Division - which offers virtual ISP services - has spent Q1 restructuring its business for the adoption of the wholesale Net access product, FRIACO. As a BT reseller it now boasts some 24 ISPs using the flat-fee unmetered service including Tiny Computers and Arsenal football club.

Said Affinity: "The launch of FRIACO based internet access has initially seen a slow take-up, but increasingly clients are adopting these access models to promote to end users which will see improving margins from access and provide significant opportunities in the SME marketplace."

It hopes to convert a quarter of its client base to FRIACO by Q3, the company said. ®

Related Story

Affinity buys breathe for £1.75m

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.