LOGO
LOGO

Quick Facts

GO Plc Says Q1 Profitability Marginally Ahead Of Last Year - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Go Plc (GOP.L) said profitability during this first quarter is marginally ahead of that registered during the first quarter of the previous year, whilst the group maintains healthy cash generation.

Whilst the company maintained its overall client base, it experienced pressure on ARPU levels. Furthermore, mobile also experienced the impact of lower mobile termination rates, the result of regulatory intervention during the second half of 2011. These have resulted in a marginal reduction in overall turnover when compared to the prior year first quarter. Revenues remain strong across all main product lines and barring unforeseen circumstances are expected to remain so throughout the rest of the year.

Moreover, Go Plc plans to benefit from increased take up of mobile data services following the roll-out of its new mobile network and from TV services as the group enhances its premium sports line up with the addition of the Champions League later this year.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.