Engin slashes 1H11 losses

VoIP and DSL provider Engin narrowed its losses significantly to $111,000 in 1H11, as a result of decreased depreciation and amortisation expenses.

Revenue as well grew 4.3 per cent to $11 million, during ebitda declined to breakeven point, in a result attributed to increased marketing spending on customer acquisition and retention.

The company said growth

The company said growth was impacted by the effects of an industry-wide decrease in average revenue per user from fixed-line residential voice subscribers.