Helios Towers slashes losses as jump in tenancies underpins revenue growth

Thu, 14th Nov 2019

Helios Towers slashed losses in the third quarter of the year as a jump in total tenancies boosted revenue. For the three months to 30 September 2019, pre-tax losses narrowed to $3.8m from $35.8m on-year as revenue increased by 11% to US$97.3m. Tenants increased 9% on-year to 14,226, with sites rising 5% to 6,903. 'The business is performing in-line with our expectations which gives us confidence in the outlook for the full year,' Helios Towers said. At 9:17am: (LON:HTWS) share price was -0.5p at 119.5p Story provided by StockMarketWire.com

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