Profit increase for Cable & Wireless in Barbados
Cable & Wireless Communications’ semi-annual interim financial results were released today, and their chief executive officer Phil Bentley, speaking during a teleconference from London, indicated Barbadian revenues were US$90 million while profits were US$33 million, up by four per cent.
Bentley said CWC, who is known in most of the region as Flow, invested heavily with Barbados and now they’re seeking to see a gain on the outlay;-
The CEO, who is scheduled to visit Barbados “in a couple weeks” also regretted outages caused as the merged entity’s networks were integrated;-
CWC’s overall half year performance report showed that group revenue was US$1.2 billion, up four per cent, while profits were US$427 million, a four per cent increase.
