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Manx Telecom report 5.1 million loss

Fri, 26 Sep 2014

Manx Telecom has admitted on Island business has fallen 'flat' blaming new regulation.

The company has just published its second set of results since becoming a listed company - showing that revenue was up by 4.4 per cent to £39.5 million.

However Manx Telecom did report a £5.1 million loss due to costs associated with listing on the AIM in February this year.

Fixed line, broadband and data services grew by 1.9 per cent - chief executive Mike Dee says MT will continue to look for growth opportunities: 

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• Mike Dee