UPC earnings rise 8.5% despite drop in customers

Earnings at the main Irish arm of cable TV provider UPC last year increased by 8.5% to €129m in spite of a slight drop in customer numbers.

Figures lodged by UPC Communications Ireland Ltd show that the firm enjoyed the increase in earnings before interest, tax, depreciation, and amortisation as revenues went up by 5% from €330m to €347m in the 12 months to the end of December 2013.

The accounts show that the number of UPC customers last year declined by more than 7,000, going down from 535,583 to 528,403.