Tiscali OKs H1 numbers
Print storyThat's it
Posted in Financial News, 27th September 2004 14:24 GMT
Understand how application security is evolving
Tiscali execs have have rubber-stamped the ISP's results for the first half of the year (H1). The figures - broadly in line with the numbers released for Q2 results - show that H1 revenues rose 25 per cent to €538m (£365m) compared to a year ago.
Despite this improvement, Tiscali only managed to shave a couple of million off its pre-tax loss - down from €141.6m (£96m) to €134.3m (£91m) for the first six months of the year.
Still, Tiscali's had a busy time since then. It's flogged five of its under-performing country operations (Austria, South Africa, Norway, Sweden and most recently Switzerland) for more than €80m (£54m). And the company has also appointed banker Vittorio Serafino as executive chairman of Tiscal,i following the resignation of Renato Soru to pursue a political career in his native Sardinia.
Tiscali is looking to generate €1.2bn (£820m) in revenue for 2004 and see the number of broadband subscribers swell to 1.7m. ®
Related stories
Tiscali chops off Swiss arm
Lycos Europe buys Tiscali Sweden
Tiscali Norway flogged
Tiscali flogs South African ISP
Tiscali to squeeze overheads as losses swell
The future of SaaS and IT infrastructure management
Can Outsiders Enhance Exchange?
The Total Economic Impact of Dell's PC products and services
The best practices guide for application security
Reducing messaging and web security costs with managed services
Win a Samsung C6625!
Is your cameraphone an oxymoron?
Reg Mobile and Wireless newsletter is go! go! go!
Sign up, sign up for The Register IT security newsletter