Manx Telecom reports £5.1 million loss

Friday, 26 September 2014 00:00

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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