Feeds

Tiscali eyes profit in 2005

Revs up, losses down

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Tiscali reckons it's still on course to make a profit next year as it continued to improve key financial indicators during the last quarter. Revenues were up 22 per cent in the three months to the end of September from €222m (£155m) last year to €270.6m (£188.5m). The European ISP made a pre-tax loss of €33.3m (£23m), a 54 per cent improvement compared to the €73.6m (£51m) pre-tax loss recorded last year.

At the end of September, Tiscali had 1.54m ADSL customers, up from 602,000 at the same time last year with 102,000 new punters signing up during the quarter. In all, Tiscali has 7.7m active punters, of which 6.2m are dial-up users. Despite this, the ISP claims it is "well on track" to hitting it target of 1.7m broadband punters by the end of the year.

It's been a busy summer for the ISP ever since it announced plans to flog a number of non-core country businesses. During Q3 it raised €81.3m by flogging its businesses in Austria, Norway, Sweden, Switzerland and South Africa.

Said the company in a statement: "On the basis of the implemented disposal plan and of other actions already taken, Tiscali's board of directors has confirmed its confidence in the financial sustainability of the business plan which is currently being implemented, aimed at meeting the rapid growth in demand for broadband services throughout Europe." ®

Related stories

UK.biz in the dark over broadband jargon
Tiscali targets SMEs with 'affordable' broadband
Tiscali UK blames spamfest for sluggish email
Tiscali OKs H1 numbers
Tiscali chops off Swiss arm
Lycos Europe buys Tiscali Sweden
Tiscali Norway flogged
Tiscali flogs South African ISP

Internet Security Threat Report 2014

More from The Register

next story
Same old iPad? NO. The new 'soft SIMs' are BIG NEWS
AppleSIM 'ware to allow quick switch of carriers
Brits: Google, can you scrape 60k pages from web, pleeease
Hey, c'mon Choc Factory, it's our 'right to be forgotten'
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
FCC, Google cast eye over millimetre wireless
The smaller the wave, the bigger 5G's chances of success
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

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.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.