46% increase in Pendle telecoms firm turnover

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PENDLE-based telecommunications giant Daisy has announced a “significant” 47% increase in turnover in just six months.

The company’s interim results for the period to September 30th show revenues up to £176m. and bosses said Daisy was well on itys way to becoming one of the UK’s largest providers in its field.

“While there have been certain regulatory and market factors impacting pricing, our margin management has been robust and we have continued to focus on eliminating cost inefficiencies where appropriate,” said executive chairman Peter Dubens.

And the company’s chief executive Matthew Riley said: “The business has continued to demonstrate strong cash generation and with all acquisitions integrated, significant synergies have been achieved.

“With an improvement in its revenue mix, the group has continued to decrease reliance on traditional fixed lines and calls, with an increased proportion of revenues from its mobile, systems and data product sets.

“The business is focused on driving further organic growth and continues to consider strategic acquisitions that provide clear value for shareholders. Notwithstanding the current economic climate, we are confident for the second half of the year.”