GO plc – Half Yearly Financial Statements

GO plc – Half Yearly Financial Statements

GO plc announced that the Board of Directors has approved the Group Interim Unaudited Financial Statements for the six-month period ended 30 June 2008.

The Group registered a turnover of EUR 64.2 million, an increase of 1.6% over that registered for the same period in 2007. Turnover was characterised by the continued decline in traditional fixed-line voice services which is however being mitigated by revenues from broadband, mobile and new business, which now also includes TV. During the period under review, the Group recognised a loss of EUR 2.7 million representing its share of results of Forgendo Limited. Profit from operating activities amounted to EUR 1 million for the period under review. Although this is EUR 11 million below that registered in the same period last year, the results include a provision for pensions of EUR 11.8 million (following a Court of Appeal judgement)  and a depreciation charge of EUR 12.9 million (in 2007: EUR 10.6 million). Also during the period, the Group registered a loss before tax of EUR 4.39 million, compared to a profit before tax of EUR 8.25 million registered in 2007. No interim dividend was declared. The Interim Unaudited Financial Statements can be viewed from the below link.

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