Eir has reported a dip in full year revenues and lower operating costs for the year to the end of June - in line with expectations.

The company said its full year revenue declined by 2% to €1.249m billion, while its EBITDA for the year rose by 10% to €578m.

Operating costs for the year fell by 14% to €406m, while the company said it had cash of €260m - up 28% on the same time last year - on its balance sheet. 

Eir said its broadband base totalled 944,000 customers as at the end of June, up by 2% or 21,000 year on year. The increase was driven by subscriber growth in the consumer division.

Customers using Eir's fibre-based high-speed broadband services totalled 702,000 at the end of the fourth quarter, a rise of 10% year on year. 

It noted that 74% of its broadband customers are now connected to the fibre network, which represents a 36% penetration of fibre premises passed.

Eir said its mobile base stood at 1.023 million customers at the end of June, a decline of 2% compared to the same time last year. 

Its postpay subscriber base increased by 4% year on year and postpay customers now represent 55% of the total mobile base, an increase of 3 percentage points year on year.

Carolan Lennon, Eir's chief executive, said the year was one of substantial developments in the business as EBITDA grew 10% and as it spent nearly a quarter of its revenue on extensive network investment.

"Our investment programme gathered further pace in the last quarter of the financial year with the completion of our FTTH rollout, having passed 375,000 homes and businesses with superfast broadband, including 308,000 rural premises," Ms Lennon said.

"Our teams are now moving on to connect 1.4 million urban and suburban premises with superfast fibre to the home broadband," she added. 

The Eir CEO also said that the company's insourcing programme is now complete.

"We have seen increasingly positive customer feedback, confirming the importance of having customer-facing roles filled by direct Eir staff to deliver a better service and experience for our customers," she said.

"The group has delivered another set of solid financial and operational results for the fourth quarter and full year to 30 June 2019, which are in line with expectations," the company stated.