Feeds

Thus still 'cautious' on tough market conditions

Demon sub numbers OK though

  • alert
  • submit to reddit

Designing a Defense for Mobile Applications

Scottish telco Thus is once again bleating about tough trading conditions as it reported increased losses for the year.

Although turnover for the 12 months to the end of March swelled 8 per cent to £360m, the company also reported that pre-tax losses had increased from £26.7m to £41.47m.

Takings from its data and telecoms business was up 16 per cent to £177.7m buoyed by the provision of carrier pre-select (CPS) voice telephony services.

Its internet business - led by its Demon service - saw turnover for the year grow 9 per cent to £93.1m. Revenue from UK broadband services made up a third of total internet turnover as the number of Demon broadband punters increased 59 per cent to 92,000.

At the same time, the number of Demon dial-up punters fell 24 per cent to 79,000 leading to a dip in revenues from narrowband services.

Despite this progress Thus continues to struggle with what it describes as "challenging market conditions".

Said chief exec William Allan: "We remain cautious on the market structure for telecommunication services in the UK, and we expect the aggressive pricing environment to continue throughout the year."

He added that execs at the Scottish telco remain "encouraged by the strong growth in core activities" and despite strong price competition, Allan remains upbeat that the company can continue to win new business.

Shares at Thus fell 5 per cent (0.73p) to 13.77p in early trading. ®

Related stories

Demon jobs on line at Glasgow tech support
Thus cautious on outlook
Thus squeezed by tough conditions
How to kill a website with one email
Thus shares nosedive over gloomy forecast

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.