'It's Hull, but I think we might pull through...'
Published: 28 May 2002 17:20 GMT
Hull-based telco Kingston Communications has seen its operating losses double over the past year.
The Yorkshire business stated that its group operating loss, including all write-downs and depreciation charges following the development of its long distance network, amounted to £36.8m.
A one-off write-down of £12.5m was included in the operating loss from the company's interactive division.
However, turnover for the entire business was up 40 per cent year-on-year to £316.3m from £225.5m.
Turnover for Kingston rose 14 per cent over the year to £86m from £75.3m.
Kingston moved into the FTSE 100 in March 2000 after its previous owners, Hull City Council, decided to sell 55 per cent of the business in 1999 and made £245m from the sale.
Kingston made a mint for stock owners in Hull who saw a £5,000 stake rise to over £30,000 in less than a year.
INFORMATION -Established for 5 years -Privately owned -12 million turn over -100+ UK employees -Industry leading Network and Systems management ...
Linux Systems Engineer; Kingston Upon Thames; Surrey; required to you a leading UK software house. You will have a strong background in working with ...
ll support delivery of sustainable and efficient operating platforms to maximise stock, control costs, minimise loss and reduce queues. What life's ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Digg
Slashdot
Del.icio.us
Stumble
Reddit
RSS Feeds
Natasha Lomas Exclusive: Jimmy Wales on what's next for Wikipedia Why Wikipedia needs geeks and why a life unplugged is unthinkable
Peter Cochrane Peter Cochrane's Blog: United breaks guitars? Customer service has changed forever