Eircom sales and profits down

27 May 2009

Eircom has announced a 27% year-on-year decline in operating profits to EUR69 million for the quarter ending 31 March 2009, on the back of a 5% fall in sales to EUR488 million. Mobile arm Meteor posted a 17% hike in operating income to EUR35 million, but this failed to offset the 5% slip in profits to EUR138 million from fixed line operations. The company attributed the results to lower traffic and price discounts.

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