Cable operator NTL Ireland has reported a drop in profits for the third quarter of this year, despite an increase in revenues.
Profits fell by 17.6% compared with Q3 last year to €8.9m, but NTL said this was entirely due to savings from a successful renegotiation of a number of contracts with suppliers last year. These were not repeated this year.
Revenues were 3.5% higher at €26.5m, driven by price increases and growth in digital television subscribers.
Residential customer numbers were up 2,500 to 343,600, while digital customer numbers moved up 6,600 to 88,000. Broadband customer numbers were 5,400, and the company said the number of homes upgraded and available to receive broadband had more than doubled to 66,500.
In October, NTL halted its domestic direct telephone service to 2,200 customers after identifying a safety risk.
NTL Ireland's parent company narrowed its net losses to £95.4m, though revenues grew 5% to £583m.
