Feeds

Tiscali narrows losses, ups revenues

Which is nice

  • alert
  • submit to reddit

Intelligent flash storage arrays

Job cuts and a major major restructuring initiative has helped European Internet outfit Tiscali to cut Q2 losses before interest, tax, depreciation and amortisation (EBITDA) by 43 per cent, the company announced today.

EBITDA losses fell to E63.3 million in Q2 from E103.1 million in the previous three months. At the same time, revenues rose from E149.5 million in Q1 to E165 million in Q2. Internet access services contributed 60 per cent of revenues (E98.3 million).

Tiscali's portal business generated revenues of E19.9 million (12 per cent of total revenues) helped in part because it has largest Web property in Europe visited by 13 million unique visitors.

Even in these depressed times for online advertising, Tiscali reckons this performance is "highly significant, given the difficult trading conditions".

The company also said that its Italian parent company and Dutch and South African subsidiaries achieved positive EBITDA in Q2.

Earlier this year Tiscali axed hundreds of jobs following its acquisition of World Online, LibertySurf and LineOne. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.