First-half pro-forma revenues totalled €314.5m (£197m), up 45% on last time. In the second quarter, revenues were up 59% on the previous quarter at €165m (£103.4m). The growth in revenues had a positive effect on gross profit, which rose 101% to €42.1m (£26.4m) in the second quarter.
The restructuring, which took place following the key acquisitions of LibertySurf and LineOne in the first quarter of this year, helped to reduce losses from €45m (£28.2m) in the fourth quarter of 2000 to €30.5m (£19.1m) in the second quarter of 2001.
In June, Tiscali announced it was to cut 50% of its UK workforce as it moved to integrate its three recently acquired ISPs -- LineOne, WorldOnline and LibertySurf. The company has confirmed that 250 jobs will be cut as the UK operations of the three ISPs are merged into one unit, which will be called Tiscali UK.
Tiscali reported that the cost rationalisation resulting from the integration of newly acquired companies has brought Tiscali greater operating and management efficiency -- improvements which were visible for the first time in the company's 2001 interim results.
It said that marketing costs fell 7% compared with the first quarter of the year, from €39.7m (£24.9m) to €36.7m (£23.6m), while other operating costs dropped by 16%, from €33.9m (£21.2m) to €28m (£17.5m).
On pro-forma figures, including the recent acquisitions, Tiscali had 7.1m active users as of June 3 2001.