Three Ireland cuts losses by over 30% as revenues rise

Mobile communications company Three Ireland slashed its annual losses by over 30% last year, while increasing revenues and market share.

The company, which is owned by Hong Kong- based Hutchison Whampoa, said yesterday that revenues grew 16% to €174m, in 2012, with market share rising from 7.7% to 9%.

Three Ireland’s pre-tax losses amounted to €19m last year down 32% on the previous year.