Meteor earnings down by 19%

THE economic downturn and intense competition in the mobile phone market contributed to earnings declining at Meteor by 19% to €102 million last year.

Accounts filed with the Companies Office by Meteor Mobile Communications Ltd show revenues fell 6%, from €491.2m to €458.1m, in the 12 months to the end of June 2011.

The eircom-owned company’s earnings, before interest, tax, depreciation and amortisation (EBITDA), fell €24m to €102m.