Cable & Wireless 2008 profit to meet forecast

18 Jul 2007

Cable & Wireless has said its fiscal 2008 operating profit will meet the company’s forecast, as its plans proceed to revive UK sales and expand internationally. EBITDA is expected to rise by between 16% and 24% to between GBP573 million (USD1.17 billion) and GBP608 million in the year ended March 2008. Sales will meet analysts’ estimates, it said.

United Kingdom, Cable & Wireless (UK)