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Sharp drop in earnings at Virgin Media

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Net earnings at Virgin Media Ireland fell sharply in the first quarter, new figures show.

Earnings declined 106 per cent versus the same there months period a year earlier to €3.5 million from €55 million due to losses on derivative instruments.

The telco and TV broadcaster reported a slight rise in revenues during the first quarter to €114. million , up from €113.9 million a year earlier. This was primarily a result of an increase ...

 

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