The Channel logo

News

By | Team Register 2nd March 2006 12:48

Morse continues services shift

Revs down, profits up

Morse plc saw revenues slip but profits increase in the last six months of 2005, figures released yesterday showed.

Turnover was £187.5m, compared to £194.4m last year (excluding discontinued operations). However, revenue from services, which the company is now focussing on, were up 18 per cent.

Pre-tax profits were £6.1m, up 61 per cent, compared to £3.8m a year ago (excluding discontinued operations.

Morse said the results were evidence of a successful transition from pure reselling towards services, with 52 per cent of turnover and 64 per cent of profit coming from services.®

alert Send corrections

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'