Competition sees Zen Internet profits dip by a third
Profits at Rochdale-based cyber specialist Zen Internet have taken a hit from aggressive pricing of its competitors.
It’s pre-tax profit of £2.3m for the year ended September, 2016 was £1m less than it made in 2015.
Turnover in the period was up 5.6% to £57.2m from £54.2m on the prior year. Growth came from voice, ethernet, private networks and hosting products and services.
“Gross profit percentage reduced year on year,” director Richard Tang said in the company's strategic report. “The business has seen increase... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
