Feeds

Thus inches towards the black

Still swimming in red ink

  • alert
  • submit to reddit

High performance access to file storage

Thus only needs £60m or so to take it through to profitability by March 2004 ( a year earlier than previously planned), or in its words "free cash flow breakeven on a sustainable basis".

The alternative telco hailed today's interims as evidence of 'strong improvement', in operating performance and financial controls. In spite of pricing pressures, margins are up, thanks to better network utilisation. And capital expenditure is reduced, reflecting the completion of the network build.

The company notes contract wins in its business telco division, with half year sales up 19 per cent year on year to £78.2 million. Also sales were up at its Demon Internet subsidiary, with small business ADSL accounts delivering the engine for growth. Demon half year t/o was £44m, up 16 per cent on the last year.

But there is still a mountain to climb - Thus recorded a hefty operating loss, albeit down 37 per cent to £25.2m on revenues advancing 11 per cent to £143m.

Earnings before Bad Stuff for the six months to 30 September 2002 were £10.9m (H1 01 - £9.01m). But there's a lot of bad stuff - depreciation, amortization, and interest payments on debt taking half year losses to £38m (a 38 per cent improvement on the same period last year). ®

Top three mobile application threats

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

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
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.
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.
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.