Alt Networks exceeds targets

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Alternative Networks’ revenues, margins and profits for first six months ran ahead of management expectations.

It said the strong financial results for its financial half-year results were higher than expected due to lower customer attrition and higher ARPU than it forecasted.

The Group increased its net cash position since 30 September, 2009, even during the acquisition of billing software company AKJ in October. Since the purchase of AKJ, it won seven new customers and lost one adding revenues of £0.2 million.

In 2009, Alternative Networks implemented a cost reduction strategy to cut costs by £2.4 million. It said during the period, costs were at a level below previous years as a result.

 

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