Pipex Touts 5th Largest BB ISP Position
Posted: 02nd Apr, 2004 By: MarkJ
UK ISP Pipex Communications has touted todays release of its financial results for the year ended 31st December 2003 by underlining its position as the UKs 5th largest broadband operator:
PIPEX Communications plc, the telecoms network operator and provider of business broadband solutions, today reports its results for the year ended 31 December 2003.
Financial Highlights
Turnover of £35.2 million, up from £8.1 million in 2002
Gross profit of £15.3 million, up from £2.0 million in 2002
Gross margins increased to 43.5% from 24.5% in 2002
Loss before tax of £9.9 million, down from £11.8 million in 2002
Month on month EBITDA positive by year end
Operational Highlights
PIPEX established as the 5th largest broadband operator in the UK by customer numbers
Acquisition and integration of XTML Ltd, CIX Ltd, Firstnet Services Ltd and PIPEX Internet Ltd
Annualised cost savings of £15.2 million
Customer numbers increased from 25,000 to over 150,000
Group rebranded PIPEX Communications plc in November 2003 (formerly GX Networks plc)
PIPEX Communications plc, the telecoms network operator and provider of business broadband solutions, today reports its results for the year ended 31 December 2003.
Financial Highlights
Turnover of £35.2 million, up from £8.1 million in 2002
Gross profit of £15.3 million, up from £2.0 million in 2002
Gross margins increased to 43.5% from 24.5% in 2002
Loss before tax of £9.9 million, down from £11.8 million in 2002
Month on month EBITDA positive by year end
Operational Highlights
PIPEX established as the 5th largest broadband operator in the UK by customer numbers
Acquisition and integration of XTML Ltd, CIX Ltd, Firstnet Services Ltd and PIPEX Internet Ltd
Annualised cost savings of £15.2 million
Customer numbers increased from 25,000 to over 150,000
Group rebranded PIPEX Communications plc in November 2003 (formerly GX Networks plc)
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