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Bigblu Broadband Plc reports lower revenue for 1H 2020

1 min read | August 29, 2020 07:27 PM BST | By Team Kalkine Media
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Bigblu Broadband Plc (LON:BBB) has released half-year results for the six months ended 31 May 2020.

The company’s revenue for the reported period stood at £25.8 million, lower as compared to £30.5million for 1H19. The lower revenue reflected customer rationalisation during Q4 2019 and COVID-19 impact on installations.

Revenue generated from the company's broadband airtime or the recurring airtime revenue increased to 87 per cent of revenue from 82 per cent in 1H19.

The Continuing Group generated LFL2 revenues of £12.1 million as compared to £11.7million in 1H19.

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