Eircom turns profit of €77m despite continuing slide in voice call revenue

EIRCOM reported pre-tax profits of €77 million for the three months to June, turning around losses of €6m in the same quarter last year.

The fixed-line phone company, which announced a €420m takeover of mobile operator Meteor last month, said figures were boosted by a once-off profit of €46m on property sales.

Overall revenues showed a slight fall from €401m to €399m as it struggled to prevent a continuing slide in voice call revenues. Total income from voice traffic tumbled 8% to €128m.