Cable television firm Chorus generated revenue worth $49 million (€36.7 million) in the seven months to the end of 2004, according to results released by its parent company yesterday.
UnitedGlobalCom (UGC), the US-based cable television firm with operations in Europe and Latin America, also published figures which show that Chorus has 202,700 subscribers.
This represents a fall of 3,300 subscribers over the past year, during which time Chorus went into examinership.
In the 12 months to the end of 2003, Chorus generated €64.2 million, compared to €61.3 million a year earlier.
Chorus made a pre tax loss of €40.3 million in 2004.
UGC is currently preparing a bid for the cable networks owned by NTL Ireland in Dublin, Galway and Waterford, which would give it national coverage for the first time in the Republic.
Yesterday it emerged that rival bidder Veronis, Suhler, Stevenson (VSS) backed by Belgian bank KBC and Merrion Capital had pulled out of the race.
This leaves a three-way competition between bids fronted by UGC, cable entrepreneur John Riordan and the Irish media firm Setanta.
