Latest figures from Manx Telecom show a reported loss before tax of ?5.1 million although profits on an underlying basis were ?7 million.
The company, which floated on the Alternative Investment Market earlier this year, had costs associated with this initial public offering or IPO of ?7.6 million and writing off loan costs of ?4.5 million.
Results for the first six months of 2014 show revenues up 4.4% to ?39.5 million which the company says is in line with expectations
Fixed line, broadband and data revenues grew 1.9% on a good take up of high speed broadband.
Meanwhile Global Solutions, or off Island revenues, grew by 30%.
Chief Executive of Manx Telecom is Mike Dee
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