Manx Telecom’s managing director has described the company’s first full set of annual results since it floated on the Alternative Investments Market as 'solid'.

The figures for the year to December 31 show although MT’s revenues rose by more than ?3 million, its operating profits dropped by ?500,000 to ?18.6 million.

Mike Dee, who’s due to retire later this year, says the fall in profits is largely because of regulatory requirements and costs incurred as the company floated.

But he says there’s still strong demand and growth in the Island for MT’s services.

Mr Dee told Jason Roberts more about the company's progress in its first year on London's junior stock market:
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