Feeds

Eircom profits up but turnover down

Better margins

  • alert
  • submit to reddit

Intelligent flash storage arrays

The Irish incumbent telco Eircom posted results for the year ended 31 March 2004 which showed a big jump in profits despite lower turnover.

Eircom made an operating profit of €118m and increase of 39 per cent on last year. Turnover was down three per cent to €1.63bn compared to €1.68bn last year. Turnover fell because of the loss of low margin transit business and discontinued business. Operating margin was up from 5 per cent to 7.2 per cent.

Operating costs were down two per cent due to lower head count and better cost control. The company had 7,943 employees at March 2004 compared to 8,547 in March 2003.

Phil Nolan, Eircom's chief executive, said: "This has been a defining year for the company. Following the successful transformation of Eircom we returned to the stock market in March 2004. The results for the full year are in line with our expectations."

Eircom had more than 38,000 DSL customers at March 2004 (versus 3,400 in March 2003) and more than 50,000 at the end of May 2004. ®

Related stories

Ireland gov calls for cheaper broadband
Cheaper broadband for Ireland
Eircom sets wholesale DSL price

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
Ofcom tackles complaint over Premier League footie TV rights
Virgin Media: UK fans pay the most for the fewest matches
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
prev story

Whitepapers

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.
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.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.