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Engin narrows 1H losses 16%

Engin narrows 1H losses 16%

Engin Limited (ASX:ENG) narrowed its losses 16% to $2.6 million in 1H10, as the VoIP and DSL provider boosted its subscriber-base 5%.

The company ended the reporting period with 67,000 active services in operation (SIOs), including 2,000 DSL services.

Revenue grew 5.6% to $10.5 million, while operating expenditure was reduced to $6.2 million, from $7.3 million.

Engin said it expects to trade at positive ebitda for the remainder of the year.

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Tags broadbandvoipTelecommunicationsfinancial resultsengin

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