Jump in pre-tax profits at Eircom

EIRCOM yesterday posted a sharp rise in interim pre-tax profits driven by a reduction in operating costs.

It said pre-tax profits for the six months to the end of September were €9 million compared to a loss of €1 million.

Eircom, which floated on the Dublin and London stock markets in March, said a fall in its cost base and higher margins were behind the turnaround.