Group revenue: £8,099m
Profit before tax: £3,393m
Earnings per share: 96.4p
Earnings per share before exceptionals and goodwill amortisation: 16.0p
Dividends per share: 16.5p
Net cash balance: £3,096m
Cable & Wireless Global's revenue up 15% to £3,964 million. Strong growth in Partner Services, UK and Europe.
Cable & Wireless Global's underlying Internet Protocol (IP) revenue up 41% to £881 million. Strong demand for IP across all Cable & Wireless
Global's business channels, significant new customer wins and increased demand for complex IP solutions.
IP and data revenue is now 45% of total Cable & Wireless Global revenue - reinforcing the strategic and investment focus.
Cable & Wireless Regional ongoing revenue up 10% to £1,421 million. Success in re-balancing from international voice to domestic, mobile and internet revenues.
Results at top end of range indicated in 13 March trading update.
Net cash of £3.1 billion - strong balance sheet and a strategic advantage at a time of unprecendented industry change.
Focus now on improving operational effectiveness by increasing margins, improving cost effectiveness and reducing capital expenditure.
Continued investment to meet customer demand in high growth value added services.
Graham Wallace, Chief Executive, said:
"Our results show strong growth in demand for internet services. We are concentrating on improving our operational effectiveness and on developing the value added services our customers want. Our strong balance sheet gives us a strategic advantage at a time of unprecedented industry change."
Please follow this link for full results: http://www.cw.com/th_05.asp
Click on the link below to see this news release as it appears on the Brodeur
News Room website and obtain full contact details.
Click the link below to login and update your company and subject preferences,
or personal details.
Click on the link below to have your login details re-sent to you.
This press release was distributed by ResponseSource Press Release Wire on behalf of Pleon in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.