Earnings at former UPC up by 5%

Earnings at the recently rebranded cable TV provider Virgin Media last year increased by 5% to €135m in spite of a drop in customer numbers.

New figures lodged by UPC Communications Ireland Ltd, now trading as Virgin Media, a subsidiary of US cable giant, Liberty Global, show the firm enjoyed the increase in earnings before interest, tax, depreciation and amortisation (ebitda), while revenues went up by 1% from €347.7m to €351m in the 12 months to the end of December last.

The accounts show that the number of UPC customers last year declined by 15,451 going down from 528,403 to 512,952.