Spiritel (STP)-VoIP & termination services.

Spiritel posts small H1 loss; targets profitability in H2
LONDON (AFX) - Spiritel PLC, the telecoms services business formed in 2004
from the reverse takeover by Roshni Investments of Expo Communications, posted a
small loss for the first six months and said it aims to be profitable in the
second half of the current financial year to April 2006.
In the six months to Oct 31, Spiritel suffered a pretax loss of 0.21 mln
stg, compared with a restated deficit of 2.47 mln for the eight-month period to
end-October 2004.
The company said trading in the first half was in line with its
expectations. The loss reflected investment in the company's voice over internet
protocol (VoIP) telephony product suite.
Spiritel said it has made significant progress towards its goal of becoming
a leading player in VoIP telephony, which it said is widely expected to replace
traditional fixed-line telephony in coming years.
It said it expects to receive significant revenues from VoIP in the year to
April 2007.
Spiritel said Expo Communications, its core call termination division,
traded profitably during the first six months and accounted for most of the
company's sales of 8.12 mln stg.
Spiritel Technologies, the VoIP business, signed a series of reseller
agreements during the period and extended its product range to include broadband
telephony services for the residential market and IP trunking solutions for
corporates.
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