Feeds

Thus passes cash flow positive ‘milestone’

'Steady trajectory' towards operating profit

  • alert
  • submit to reddit

The essential guide to IT transformation

Thus - the Glasgow-based alternative telco that's behind the Demon ISP - has turned cash flow positive, three months ahead of market expectations.

Describing it as an "important milestone in the development of the business", Thus has confirmed it will be cash flow positive for the second half of the current financial year.

"Thus believes that it is the first UK alternative telecommunication operator to have achieved this goal on a sustainable basis," said the company in a statement.

The company is also confident that the business is on a "steady trajectory" to deliver positive operating profit in the second half of the next financial.

Shares in Thus were up 0.5p (1.4 per cent) at 36.25p by mid morning. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.