Energis Finally Reaches Break-Even
Posted: 09th Jul, 2003 By: MarkJ
Telecoms and ISP group Energis, which supplies several UK ISPs, has officially broken-even after announcing significantly improved financial performance for the full fiscal year:
The company, which was forced to take major refinancing early last year after being hit by the major downturn in the telecoms sector, said that it has now reached cashflow break-even, and has £150m in the bank.
For the 12 months to March 21 2003, the company reported EBITDA up 26% to £103m, from £82m last year, and revenue up 11% to £770m, from £694m, despite the flat market.
More @ netimperative.com .
The company, which was forced to take major refinancing early last year after being hit by the major downturn in the telecoms sector, said that it has now reached cashflow break-even, and has £150m in the bank.
For the 12 months to March 21 2003, the company reported EBITDA up 26% to £103m, from £82m last year, and revenue up 11% to £770m, from £694m, despite the flat market.
More @ netimperative.com .
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