Cable & Wireless Communications (CWC) has announced a rise in profits, with growing smartphone usage in international markets having boosted its income.
It unveiled a net profit of $163m (£101m) in the first six months of 2011, as against forecasts of $150m.
CWC’s Caribbean arm – its biggest market – is set to meet profit estimates of between $180m and $210m for the full year.
It added that its China market saw revenues double on strong iPhone sales.
Cable & Wireless Communications is sticking to forecasts for the year, and earnings in the six months through September are “indicative of further growth,” Chief Executive Officer Tony Rice said today in an interview. The London-based company will pursue acquisitions in the northern Caribbean following its purchase of Bahamas Telecommunications Co. in April, he said.
