Summary
TELECOMS giant Cable & Wireless reported lower firsthalf profits yesterday and warned of further volatility in the "short-term" as it consolidates its business and implements its next-generation network.
Profits during the six months to September 30 - excluding tax and exceptional items - dropped to GBP134m from GBP175m during the same period a year earlier. This figure included results from Bulldog, Cable & Wireless' broadband internet service, which made an operating loss of GBP49m.See the full content of this document
Extract
C&W Warns of More Volatility As Profits Slide
Richard Lapthorne, chairman of Cable & Wireless, said the company now had a clear path to achieve its aim of producing double-digit m...
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