Eircom profits slip for first quarter

Eircom today announced its results for the first quarter to end-September, posting a 2% drop in profits that it attributed to the economic downturn, and signalling possible future job cuts.

Group EBITDA was €169 million for the quarter, down 2% on the corresponding quarter last year, the company said. Revenue for the quarter was €513m, in line with the corresponding period 2007.