Quinn broadband firm to turn profit

Former Republic of Ireland international, Niall Quinn said yesterday that he is pretty certain that his satellite broadband firm will record an annual profit for the first time this year.

The Dubliner was commenting yesterday on new accounts just lodged with the Companies Office by Alphasat Communications Ltd which show that the firm’s accumulated losses jumped by over €2.159m to €3.3m at the end of 2012.

The firm’s shareholder deficit stood at €2.62m at the end of the year.