#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: 12°C Sunday 24 October 2021
Advertisement

Eircom revenue plunges by €174m

Revenue and earnings down by 10 per cent and 16 per cent respectively as telecom company announces results to end of June.

Looking for a way out
Looking for a way out
Image: Sam Boal/Photocall Ireland

EIRCOM HAS ANNOUNCED a double digit fall in revenues and earnings for the year to the end of June.

Revenues for the year to the end of June fell by €174m to €1.5bn, while the company’s earnings before interest adn tax fell by €104m to €542m.

The company continued to shed retail broadband customers but the number of mobile phone customers it had grew by 4 per cent to 1,076,000.

“The performance of the business continues to decline, but this was in line with our expectations. We must do more to retain our customers, stabilise our revenues and grow our profitability” said Herb Hribar, Eircom CEO.

He said that the telecoms market is witnessing intense competition from other operators, but that the company was endeavouring to do what it could to return to fortunes.

“Eircom will do more to fight for, retain existing customers and even win back former customers,” he said.

Vanishing phoneboxes doc represents Ireland in China fest>

#Open journalism No news is bad news Support The Journal

Your contributions will help us continue to deliver the stories that are important to you

Support us now

About the author:

Read next:

COMMENTS (54)