COLT Telecom (COLT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : COLT Telecom (COLT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert Haller who wrote (27)	10/26/1998 10:12:00 AM
From: Kevin G. O'Neill	Read Replies (1) of 95

3rd quarter earnings out: Colt Telecom Group Plc Dow Jones Newswires -- October 26, 1998 Colt Telecom 3Q Sales GBP61.1M Vs GBP21.4M Colt Telecom Group PLC - London 3 months ending 30 Sept. All figures are in pounds and pence 1998 1997 Sales 61.1 mln 21.4 mln Pretax Loss (15.4 mln) (9.1 mln) Gross Profit 11.6 mln 4.7 mln Loss Per Share (0.3 p) (0.2 p) (Figures in parentheses denote a loss.) LONDON (Dow Jones)--Colt Telecom Group PLC (COLTY), a London-based supplier of telecoms services to business customers across Europe, said Monday that third quarter sales rose almost threefold to GBP61.1 million. Analysts had expected sales of around GBP53-GBP55 million. Gross profit before operating expenses more than doubled to GBP11.6 million, Colt said. Pretax losses rose to GBP15.4 million from GBP9.1 million in the year ago period. During the quarter Colt added fiber optic networks in Amsterdam, Brussels, Dusseldorf and Madrid, giving it operations in 11 cities in seven countries. Colt Chairman Jim Hynes said in a press release that equity, debt and convertible offerings completed during the quarter raised over GBP626 million of new capital, giving the company end of quarter cash of GBP764 million to finance growth and expansion. Colt plans to extend operations to over 20 European cities by the end of 2000. Colt stock was up 35 pence at 680 pence by 1440 GMT after hitting a high of 700 pence moments after the third quarter results were released. -By Bill McIntosh; 44 171 832 9205; bmcintosh@ap.org [end of paste] Ok does anyone know pence to the pound? I imagine it's 100:1 which means COLTY beat [Yahoo] posted estimates of US$0.19. My conversion utilty says $.19 = 0.053077 pounds. 5.3 pence? Sounds pretty good to me, BWDIK. -kgo

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next