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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