The Register®

Biting the hand that feeds IT

BTo ups revs, cuts losses

Getting there

BTopenworld - BT's mass market ISP - continues to lose money in spite of seeing a massive jump in income.

Publishing full year prelims it reported that turnover for the year jumped 59 per cent from £140 million to £222 million.

However, the ISP still made an EBITDA (earnings before interest, etc) loss of £102 million, a £96 million (48 per cent) improvement on the year before.

BTo claims the improvement is due to growth across its broadband and narrowband product ranges.

At the end of March BTo had around 1.75 million punters - with more than a million of them shelling out for some kind of unmetered Net access package.

In a statement accompanying its results BTo said: "BTopenworld continues to review its products and services with a view to driving the business to profitability whilst continuing on a rapid growth track.

"Subscriber and revenue growth continue to result in economies of scale and overheads continue to be reduced," it said. ®.

Free report. "Comparing Data Center Batteries, Flywheels, and Ultracapacitors: What is the best energy storage for you?"

Don’t Miss

Warning: roadworksNetbooks and Mini-Laptops

Buyer's Guide They're little and we love 'em. But which ones are best?

Emails show journalist rigged Wikipedia's naked shorts

Overstock's Byrne vindicated amidst economic meltdown

Warning: roadworksMapping the universe at 30 Terabytes a night

Interview Jeff Kantor, on building and managing a 150 Petabyte database

Warning StopYours truly, angry mob

Book extract Bringing Nothing To The Party: Cleaning up the net, one satirical vigilante page at a time