16th Jan 2019 10:35
LONDON (Alliance News) - Manx Telecom PLC on Wednesday confirmed that it traded in line with management expectations in 2018 and said it sees further growth potential after a rollout of its Fibre to the Premise programme.
The communication solutions provider said it has delivered good revenue growth during the year, driven by Global Solutions division and an improved performance in mobile.
Meanwhile, underlying earnings before interest, taxes, depreciation, and amortization was in line with management expectations and was underpinned by another year of consistent performance in the core domestic business.
The company said the rollout of its Fibre to the Premise has continued to gain momentum, and now covers all key business districts, industrial estates and selected residential areas on the Isle of Man.
"Our solid core performance continued through the second half, maintaining the platform which allows us to develop our growth businesses," said Chief Executive Gary Lamb.
Manx Telecom will announce its 2018 results on March 13.
Manx Telecom shares were trading 1.0% higher on Wednesday at 156.00 pence each.
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MANX.L