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General

Euskaltel revenues up 79% to EUR 142 mln following R buy

Thursday 28 April 2016 | 15:05 CET | News
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Spanish regional operator Euskaltel reported first-quarter revenues of EUR 142.3 million, up 78.7 percent year on year, in its first set of consolidated results since last year's IPO and the acquisition of Galician cable provider R. The operator's net profit surged to EUR 14.6 million from EUR 1.2 million in the year-earlier quarter, with EBITDA increasing 83.3 percent from EUR 37.7 million to EUR 69.1 million. The first-quarter sales are also 2.3 percent higher than the combined revenues of Euskaltel and R in the first three months of last year, said the company in a statement.

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Categories: General
Companies: Euskaltel / R
Countries: Spain
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