TORONTO – Cost cutting efforts at Telehop Communications continue to pay off as the telecom provider cut its second quarter net loss to $62,318, compared to a net loss of $242,903 for the same period in 2009.Revenue for the period ended June 30 was $3.06 million, down from $3.56 million last year. The company said Tuesday that the 14.1% drop in revenue quarter for quarter is attributable to a $423,521 reduction in its retail long-distance business, plus a reduction in its wholesale long-distance business of $78,295.“The second quarter showed improved results with a positive EBITDA and an increase in working capital...
