Three’s UK pre-tax profits drop

Mobile network operator Three saw strong growth across Europe last year, particularly in Ireland and Sweden, but revenues dropped in Australia. Three’s largest operating area remains the UK, where the Hutchison Whampoa-owned company grew revenues 14 per cent to £1.79bn. But UK profits before taxes and interest dropped 83 per cent to £30m, which the company put down to a lack of one-off gains netted in the past year.