Feeds

Orange triples its profit

But share price dribbles

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Orange's results were officially posted this morning after last week's accidental earnings leak. While earnings were known to have jumped 102 per cent, the main figure you'll want to know is that the mobile phone company has seen its operating profit triple to £514 million.

This all comes on the back of a huge 52 per cent growth in its customer base. The latest figures we have show Orange as the leading provider in the UK with 11.9 million customers (then BT Cellnet with 10.89m, Vodafone 10.54m, One2One 7.6m, Virgin 1.0m).

The company still managed to make a £314 million loss though - down from £365 million year-on-year. And it still has £3.8 billion of debt. Company CFO Graham Howe said: "Orange is showing rapid growth, improved margins and a very powerful balance sheet." The company also reiterated plans to expand abroad into new countries in the next few years.

After all that though, the City wasn't over impressed and share price is actually down a tiny amount at the moment. Mind you, this is mostly to do with the 8 per cent jump it experienced following the earnings leak. ®

Related Story

France Telecom forced to release Orange results early

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.