Eircom’s half-year profits up 300%

HALF-YEAR profits at Eircom rose by over 300% to €115 million, the telecoms company revealed yesterday.

Eircom said profits in the six months to end September were boosted by higher revenues and the sale of property, which added €47m to the bottom line.

The company, which is in takeover talks with Swisscom, said revenue in the period was €802m, up €2m on the same period last year.