Thus narrows losses, on the look out for acquisitions

22 Nov 2005

UK corporate telco Thus saw a sharp reduction in losses in its fiscal first half of 2005 and said it remained on the lookout for acquisition targets. Thus said pre-tax losses shrunk to GBP8.2 million in the six months to 30 September, from a GBP29 million loss last year, despite a slight dip in sales to GBP176.8 million, due to the sale of a call centre. The operator’s broadband customer base grew by more than 30,000 year-on-year to exceed 100,000. Thus said it is monitoring the market for potential takeover targets, following its failed GBP800 million bid for Energis earlier this year.

United Kingdom, Thus