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General

Euskaltel sales up 77% to EUR 286 mln in H1

Thursday 28 July 2016 | 10:02 CET | News
Spanish regional operator Euskaltel reported revenues of EUR 286.0 million in the first six months of 2016, up 76.9 percent year on year thanks above all to the recent acquisition of Galician cable provider R. The operator's net profit surged to EUR 30.2 million compared to a EUR 18.4 million loss in the year-earlier period, with EBITDA increasing 83.3 percent to EUR 139.3 million. Euskaltel said residential sales were 4.8 percent higher than the combined revenues of Euskaltel and R in the first six months of last year, helped by a moderate growth in subscribers (up 2,600 in H1).

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Categories: General
Companies: Euskaltel / R
Countries: Spain
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