Today Cable & Wireless announced that it is expecting a profit margin rise to between 35 and 37% by the financial year 2008–2009. The profit margin for the year 2005–2006 was 34%.
They also hope to see cash repatriation rise from 92% in the financial year to 31st March 2006, to 100% in 2006–2007.
The aims of the company will be viewed in a presentation delivered by Harris Jones, Chief Executive Officer of Cable & Wireless International. The presentation will be delivered at an event today hosted by Cable & Wireless, â€œfor analysts and investors to update them on its International business unit,â€ a statement read.