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General

Euskaltel reports EUR 3 mln Q3 loss on R buy and IPO costs

Thursday 29 October 2015 | 16:57 CET | News
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Spanish regional cable operator Euskaltel, operating in the Basque Country, reported a EUR 3.3 million loss in the third quarter due to the impact of costs relating to its takeover of Galician cable provider R and its recent IPO. Euskaltel added that without these "exceptional and non-recurring" costs its third quarter net profit would have been around EUR 36 million, an improvement on the year-earlier result of EUR 25.6 million. Third quarter revenues came to EUR 244 million, compared to EUR 239 million a year ago, the company's first quarterly rise since 2012. Euskaltel's net financial debt

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Categories: General
Companies: Euskaltel / R
Countries: Spain
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