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.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags broadbandvoipTelecommunicationsfinancial resultsengin

Show Comments