Tiscali FY net loss widens to EUR 242.7 million

Monday 30 March 2009 | 09:33 CET | News
Tiscali reported a net loss of EUR 242.7 million for 2008, widening from EUR 65.3 million in 2007. The ISP said losses included EUR 96.4 million of financing charges, as well as a write-down of EUR 64.9 million on its tax loss assets. The EBIT loss grew to EUR 99.9 million from EUR 74.9 million, also hurt by restructuring charges of EUR 42.1 million for the acquisition of Pipex in the UK. The company also took an impairment charge of EUR 950 million on its Dutch company World Online, which holds its UK activities. Tiscali's revenues rose 11.4 percent last year to EUR 983.6 million, while

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Categories: Internet
Companies: Tiscali
Countries: Italy / United Kingdom
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