Feeds

Thus swells - thanks to ADSL

'Key milestones' passed

  • alert
  • submit to reddit

Boost IT visibility and business value

Thus, the telco best known for its Demon Internet brand, now generates more revenue from its broadband punters than it does from its dial-up customers.

Describing this transition in revenue source as a "key milestone", the company reported turnover from its Internet division grew 10 per cent last year to £99.1m, as the number of ADSL punters rose to 96,000. UK-based ADSL subscribers doubled last year to 58,000, while its Dutch ADSL base grew five-fold to 38,000.

Publishing its prelims for the year to the end of March, Thus said: "During the year, the rapid market growth in the development of broadband Internet access via Asymmetric Digital Subscriber Line (ADSL) services continued. This strong growth was partly masked for the second year by continued churn in our narrowband dial-up base but we have migration plans in place and expect the churn to greatly reduce next year."

Thus - which also supports Amserve's em@iler service - also reported "strong growth" in Net access, email and SMS services as the number of em@iler users swelled to almost 300,000. All of this helped increase turnover for the year up, 14 per cent to £332.4m, from £291.2m in 2003. Pre-tax loss was down 57 per cent from £58.8m to £25m.

Thus chief exec William Allan said the board "remains comfortable with market expectations for the year ahead, and of achieving our next key financial objective of operating profit in the second half of this financial year."

By late morning shares in Thus remained unchanged at 29p. ®

Related stories

Thus wins £3m GWR IP network gig
Glasgow hands THUS £42m comms deal
Thus looks to profit in 2005
Job fears raised as Demon offshores tech support to India

Build a business case: developing custom apps

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
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
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.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.