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TMCNet:  Primus Telecommunications Group Q3 net loss increases

[November 13, 2012]

Primus Telecommunications Group Q3 net loss increases

Nov 13, 2012 (Datamonitor via COMTEX) -- Primus Telecommunications Group, an integrated facilities-based communications services provider, has reported net loss attributable to the company of $25.04 million, or $1.81 loss per share, for the third quarter ended September 30, 2012, compared to net loss attributable to the company of $10.01 million, or $0.73 loss per share, for the same quarter ended September 30, 2011.



Net revenue for the third quarter ended September 30, 2012 was $63.91 million, compared to $74.31 million for the same quarter ended September 30, 2011.

Net income attributable to the company for the nine months ended September 30, 2012 was $36.96 million, or $2.68 per share, compared to net loss attributable to the company of $35.61 million, or $2.79 loss per share, for the same period ended September 30, 2011.

Net revenue for the nine months ended September 30, 2012 was $197.3 million, compared to $221.5 million for the same period ended September 30, 2011.

Peter Aquino, chairman and CEO, stated, "Our third quarter results demonstrated continued consistency and operational execution in our two primary segments: 'pure play' data centers, now branded 'BLACKIRON Data,' and North America Telecom. Overall Adjusted EBITDA improved significantly as we are now able to reduce corporate overhead after the sale of Primus Australia in the second quarter." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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