Cable & Wireless today released interim results for 6 months to September 30th. Pre-tax profits rose by 9% to £673 million, which includes the £61 million profits arising from the flotation and part disposal of AsiaSat.
Turnover of the company and its subsidiaries increased by 9% to £2.942 million, whilst turnover including share of associates went up by 14% to £3.401 million. The growth arose mainly in Hong Kong, North America and the Caribbean.
Cable & Wireless Chief Executive, Richard H. Brown said: “We achieved impressive headline growth with turnover ahead by 14% demonstrating the strength of demand for our services and the continued development of our start up operations.”
Cable & Wireless: 0171 315 4495
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