Former shareholders may not be glad to hear that Eircom's first quarter profits for this financial year increased 40% to €35m.
When the hefty interest payments the company makes on the money borrowed to buy Eircom from the stock market are included, the compay showed a profit of €2m against a loss of €11m a year ago.
Following the Eircom's recent billion euro bond issue, it now has to disclose its figures on a quarterly basis.
