Eircom operating profits dip 27%

EIRCOM said the weak economy is putting pressure on the company as it reported a 27% fall in operating profits to €69 million in the third quarter of the year.

Profits at its mobile arm Meteor were up 17% to €35m, although revenues fell 2% to €117m due to lower sales from pre-paid customers.

Meteor had just over one million subscribers at the end of March, down 8,000 from the December figure.