GO plc

GO plc

On Friday 7th November 2008 GO p.l.c. announced that results for the period up to 30th September represent operational performance characterised by stable revenues, improved EBITDA and healthy cash generation.

However, this performance is dampened by the provision for pensions necessitated by the judgment by the Court of Appeal on 7th July 2008. Accordingly a provision of €11.8 million was reported by the Company in its half yearly results.  Whilst the group’s revenues were adversely impacted by regulation, both at the local as well as at EU level, growth in its retail business and new business initiatives have mitigated this impact resulting in stable revenue and cash inflows when compared to last year.

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