Feeds

Pipex reports magic year

Just like that

  • alert
  • submit to reddit

Designing a Defense for Mobile Applications

Pipex pulled off a little bit of magic last year, turning a loss into a profit. Turnover at the UK broadband ISP and telco increased from £35.2m in 2003 to £102.3m in the 12 months to the end of December.

During the same period pre-tax profit hit £6.2m - a bright turnaround compared to the £7.2m loss made in 2003.

And the impressive performance appears to be continuing into 2005 with the company reporting that Q1 "started strongly across all areas of the business".

At the end of December Pipex had 192,000 broadband punters - up from 93,000 the year before. With demand for broadband continuing to push ahead Pipex is currently adding some 9,000 new broadband users each month, helping to make it the "5th largest supplier of broadband in the UK".

Executive chairman Peter Dubens said 2004 had been a "year of very good growth" for the business, which included the acquisition of web hosting outfit Host Europe and business broadband ISP Nildram.

"With the continuing growth in internet use and traffic, we are seeing increased demand from both consumers and corporate customers for our network, broadband and hosting services.

"These positive market conditions and the strong initial trading in 2005 give us confidence that Pipex is set to enjoy strong growth for the year," said Dubens.

By mid morning shares in Pipex were up 0.5p (6.67 per cent) at 8p. ®

Related stories

Nildram moves to head-off broadband hogs
Pipex in DSL migration promo
Pipex approaches 200k broadband punters
Pipex swallows Nildram
Host Europe morphs into Pipex

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.