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.
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