CORRECT: 2degrees narrows 2013 loss; earnings outlook in line with expectations

Mon, 23 Jun 2014

(Includes equipment sales in gross revenue, finance costs in 6th graph) By Pattrick Smellie June 23 (BusinessDesk) - Challenger mobile telephone operator Two Degrees Mobile pared back losses in the year to Dec. 31 and reported positive operating earnings for the second year since its establishment five years ago. Financial statements filed with the Companies Office show the company made a net loss for the year to Dec. 31 of $35.9 million, down 20 percent on last year's loss of $45.2 million, consistent with 2degrees' business plan that...

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