Eircom reports fall in profit in third quarter; Loss of 22,000 fixed line customers
May 27th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eircom, the former Irish State telco, today announced its results for the third quarter and 9-month financial period ended 31 March 2009. and reported Group EBITDA, before non-cash pension credit and net construction income, was €173 million, down €2 million on the corresponding quarter of the prior year. Group revenue was €488 million, down 5% for the quarter. A quarterly profit of €69 million was achieved and a loss of €506 million, was incurred in the 9 months, due to a writedown in goodwill earlier in the financial year.