Communications company TalkTalk saw their profits halve after a cyber attack last year, which cost them 101,000 subscribers.

Profits fells from £32 million last year to £14 million for 2016. However, the company reiterated their financial guidance for the 2017 financial year at between £320-£360 million.

Dido Harding, TalkTalk’s CEO, said in a statement:

“There has never been a clearer space for a trusted value champion and our learnings from and experience since the cyber attack have helped to focus our plans for the year ahead. We see strong opportunities for growth across all our products, both for consumers and for businesses, against the backdrop of an increasingly supportive regulatory environment.

12/05/2016