C&W 1st Half Revenue
Seen -29%;Focus On Cuts
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| 1322 GMT (Dow Jones) LONDON--Cable & Wireless 1H revenues Wed seen GBP2.34B, - 29% from last year's GBP3.31B figure, according to a Dow Jones Newswires poll of 4 analysts. Prior year comparison distorted by disposals, acquisitions. Operating figures in tight range as company issued pre-close statement. EBITDA seen GBP151M, compared with GBP508M in '01. Very wide range for 'clean' pretax losses GBP198M to GBP633M. Analysts say figures not focus; issue is expected 3, 000 job losses in C&W Global division. Shares -5.3% at 125.5p. (GRE) |