ONO revenues slip but sees narrowing net loss

30 May 2007

ONO has announced revenues of EUR402 million (USD541.2 million) for the three months ending 31 March 2007, down 4.2% year-on-year from EUR420 million. Falling operating expenses, however, helped EBITDA to grow 12.8% to EUR148 million and for net loss to be narrowed, coming in at EUR13 million compared to EUR22 million in the corresponding period last year. The cableco also revealed that the number of residential customers reached 1.85 million, up 9.6% year-on-year, and that it added 76,000 net new internet customers during the quarter.

Spain, Grupo Corporativo ONO