Feeds

Thus results paint rosier picture

We'll make a profit this year

Internet Security Threat Report 2014

Telecoms company Thus, spun off from Scottish Power in 1999, pulled in revenues of £532.7m in the year ended 31 March 2007.

While this was 52 per cent up on the previous 12 months, the firm still managed an operating loss of £9.5m.

Operating losses during the previous year were £11.6m, so things are going in the right direction, if slowly.

Thus has had an interesting year, announcing several high profile contracts to provide broadband in the Highlands, as well as decent customer wins away from home.

The company has also been busy integrating it's acquisitions, Legend and Your Communications, a process which has "proceeded ahead of plan with increased synergy savings for less cost than originally anticipated", chief executive William Allen said.

This involved the culling of 280 jobs, as well as removal of other duplicated resources, which were predicted to save the company £25m a year.

Allen then trumpeted the company's claim that 55 per cent of its gross is now coming from next-generation customers - those not using basic voice, leased lines, frame relay or ATM services - before promising that this will be the year when Thus finally moves into operating profit. ®

Beginner's guide to SSL certificates

More from The Register

next story
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
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
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.
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.
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.