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:

More from Isle of Man News

Commissioners disappointed over end of police drop-ins

Commissioners in Onchan say they're sad to see the end of community police drop-in sessions for the village.
Manx Utilities minds its dam business

Manx Utilities says it's taking on a big project on a dam near South Barrule.
92 new homes for Peel approved

Peel will get a new housing estate of more than 90 homes after planners approved proposals from developer Dandara.
No data on government workers with emotional support animals

The government says while it discourages employees bringing pets to work, it doesn't have a policy on emotional support animals.
Get your Covid vaccination from this week

A spring coronavirus vaccination programme is due to start next week.
New look for Poulsom Park?

There's a chance to find out about a possible new look for a park in the south of the Island.
Dog attack on chickens sparks woman's ire

A woman in the west of the Island has hit out after a loose dog killed one of her birds.
Country stars announce Isle of Man gig

One of the UK's biggest country bands have announced they're playing the Isle of Man this summer.