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Old 06-10-2004, 06:51   #26
Escapee
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Re: How Much Debt Are NTL In?

Quote:
Originally Posted by Pierre
"operating Profit" yes.

Which shows the company is now being run leaner than ever. The main reason for this "operating profit" is a reduction in overheads and maintenance costs.

Expect more cuts
It's going to be interesting to see what happens when they run out of things to cut. At the moment the guys dealing with networks say cash is non existent for daily maintenance, head counts have been cut to a minimum through redundancy and natural wastage.

Things are already at a point where the company is having difficulty operating, what will happen when they have to make their next round of cuts to keep the figures looking like they are inproving.
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