Profits at NTL decrease by 18%

THIRD-QUARTER profits at NTL fell almost 18% to €8.9 million, the cable TV operator said yesterday.

Revenues in the three months to September went up 3.5% to €26.5 million as the company benefited from a government-approved price hike earlier this year, but the non-recurrence of special deals with suppliers meant costs were higher and the bottom line suffered.

NTL Ireland managing director Graham Sutherland said the company continued to show positive progress in “an increasingly competitive marketplace.”