Virgin Media reported a 7% increase in revenues, driven by higher digital advertising sales, yet faced a net loss of €578,000 after tax due to restructuring costs.
Management expressed disappointment over the government's decision to allocate €725 million to RTE while maintaining the TV license fee, suggesting market distortion.
For the second consecutive year, Virgin Media became the largest recipient of a funding scheme from the Department of Foreign Affairs, surpassing RTE in net funding.
The company saw a decrease in staff numbers, with average monthly employees falling to 275, and wages also declined to €15.37m.
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