€26.5 million pre-tax profit for Go plc

Go plc has registered a €26.5 million pre-tax profit for 2012. This includes a €15.1 million profit from core operations. Go Chairman Deepak Padmanabhan described the year as difficult and challenging but has shown a marked improvment over the previous year. in 2011, Go registered a loss of €45.2 million due to investment in a Greek company which had to be written off. The company, said the Chairman,  has a healthy cash generation and the presence in the market remains strong with almost 500,000 customer connections. "Although a number of challenges remain, I am confident that we have the strategy in place to be able to face them down" said Deepak Padmanabhan.