Eircom announce 7% revenue drop

Eircom announce 7% revenue drop

Eircom have announced their first quarter results, to September 30, 2012 - with revenue dropping by 7%.

Revenue declined to €363 million, down €26m on the corresponding quarter in the previous year. Operating costs were €160m for the quarter, a 4% improvement on the prior year, demonstrating the group's continued focus on costs savings.

The troubled group announced plans to shed 2,000 jobs earlier this year, with CEO of the group Herb Hribar commenting: "The performance of the business continues to decline, but the decline is slowing and is in line with our expectations and our business plan.

"We remain fully committed to our cost reduction targets and believe that the reduction in 2,000 employees is achievable within the two year timeframe.

More in this Section

Michael O’Leary lambasts British Government for Flybe rescueMichael O’Leary lambasts British Government for Flybe rescue

Global shares hit as investors focus on coronavirus outbreak in prisonsGlobal shares hit as investors focus on coronavirus outbreak in prisons

Nama paid €1m in redundancies last yearNama paid €1m in redundancies last year

No sign of significant consumer upsurge: Visa IrelandNo sign of significant consumer upsurge: Visa Ireland


Lifestyle

Keep chomping on those carrots so your eyes will be in perfect working order for that prolonged annual gaze through the keyhole as Home of the Year returns for a sixth series next week.Home of the Year offers a good excuse for a bit of good-natured interiors voyeurism

They differ from the more prevalent oranges we eat because their flesh, and often the skin, is crimson or deep red in colour.Michelle Darmody: The best time of year to buy blood oranges

The annual Members Exhibition now underway at the Lavit Gallery in Cork features 92 works from 72 artists.The exhibition runs until March 7.Under the hammer: Your guide to upcoming auctions

There’s an oriental theme at the James Adam ‘At Home’ auction in Dublin, says Des O’SullivanAuctions: Sale full of eastern promise

More From The Irish Examiner