Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Alternative broadband provider Bigblu Broadband reported deeper losses in the first half of the year as pandemic-led disruptions weighed on revenue.
For the six months ended 31 May 2020, pre-tax losses widened to £6.8m from £397K on-year as revenue slipped to £25.8m from £30.5m.
As previously announced, the company said its results in the period were also impacted by widely fluctuating foreign exchange rates, and some slippage in new satellite capacity coming on-line from suppliers due to COVID-19.
It also experienced some installation delays, which led to an increase in in-flight sales (the period between a new contract being signed and the installation being completed) at the period end.
At 8:05am: (LON:BBB) BigBlu Broadband PLC share price was -0.1p at 98.4p