2007 was a particularly successful year for CYTA. According to Worlditreport.com, The Organisation’s financial results reflect the robustness of its operations in what has become a highly competitive and strictly regulated environment. Operating revenue rose by £16,3m or 6,5% while operating expenses increased by £0,5m or 0,2%.
As a result, the operating surplus rose by £15,8m or 40%. Earnings after tax, which are transferred to reserves, grew from £34m to £47m. Earnings before interest, tax, deprecation and amortization (EBITDA) increased from £93,2m to £103m while the EBITDA margin rose from 37% to 39%.
Technological advances led to a 4% reduction in fixed telephony revenue and an increase of 7% in revenue from mobile telephony. Revenue from other services (broadband and others) grew by 21% as a result of CYTA’s policy of reinforcing those activities which, according to its business plan, have the greatest potential for development and profitability.
