Primus Telecommunications, a provider of facilities-based communication offerings, has reported total net revenue of $410m for the first half of 2010, an increase of 5.4% compared to $389m for the same period last year.
The company posted an operating income of $6.9m for the second quarter of 2010, a drop of 75% compared to an operating income of $28.1m for the same period in 2009.
For the first six months ended June 30, 2010, the company posted net loss of $14.04m, compared to a net income of $39.4m for the same period prior year.
Primus reported a diluted net loss per share of $1.45, compared to a net income per diluted share of $0.23 per share in H1 FY09.
Primus Telecommunications chairman and CEO Paul Singh said that the company’s second quarter 2010 net revenue of $205.4m and Adjusted EBITDA of $23.6m both increased sequentially and year-over-year.
"Retail Growth Services revenue continued to increase particularly from sales of IP-PBX, data hosting and other managed services to small and medium enterprises,"Singh said.
