Fixed line and broadband operator Thus has reported preliminary results for the full year ending March 2007, with revenue from continuing operations up 52% year-on-year to GBP532.7 million. EBITDA climbed 14% to GBP42.9 million while operating loss was down from GBP11.6 million to GBP9.5 million. Founded as Scottish Telecom in 1994 as a wholly owned subsidiary of utility company Scottish Power, the company was rebranded Thus in October 1999, and a month later was floated on the London Stock Exchange.