Tuesday 27 September 2016

Eircom reports lower revenues, higher Q3 2014 earnings

Published 18/05/2015 | 07:36

At the eircom announcement this week of the one-millionth premises in Ireland passed with superfast fibre broadband were Carolan Lennon, MD, eircom Wholesale, Alex White, Minister for Communications, Energy and Natural Resources, and Mike Long, technician, eircom.
At the eircom announcement this week of the one-millionth premises in Ireland passed with superfast fibre broadband were Carolan Lennon, MD, eircom Wholesale, Alex White, Minister for Communications, Energy and Natural Resources, and Mike Long, technician, eircom.
Eircom CEO Richard Moat, Communications Minister Alex White, and Taoiseach Enda Kenny at Balla Mart, where they demonstrated high-speed broadband technology

EIRCOM has reported revenues of €311 for the third quarter in 2014, down 1pc.

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Earnings grew to €120pc, an 8pc increase although the previous year's figure was negatively impacted by the cost of storm damage.

The company announced continued broadband growth with 766,000 total broadband connections, a 9pc hike year-on-year.

There was also strong high speed fibre uptake, up 40,000 to 242,000.

Operating costs continued to drop too, and were off 6pc with a 17pc decrease in the pay bill.

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