Manx Telecom says it made a profit of £5.2 million last year - more than a million pounds less than in 2016.
The company's released its interim results, describing its performance as "solid" and in line with expectations.
MT says although its earnings from fixed line and broadband services declined slightly, it saw growth in mobile services over the past 12 months.
But it adds it also saw debt rise from just over £53 million in 2016 to £61.7 million in 2017.
Sign-ups open for Celtic business conference
Registration is now open for a business conference for the Celtic nations.
Hundreds of new entries in landmark Russian sanctions package
Hundreds of new entries have been added to the UK's Russian sanctions list, which applies to the Island.
Recruitment events for coach and taxi drivers this week
A company in Douglas is holding a series of events this week as it recruits coach and taxi drivers.
FSA launches review into counter-terrorism compliance
The Financial Services Authority is launching a review into how firms comply with counter-terrorism financing rules.
Wins for Island tradespeople in skills contest
Six Island apprentices have taken first place in a competition between the three Crown Dependencies.
Coffee shop premises up for sale
The premises of a Douglas coffee shop have gone on the market.
More time to enter Manx Menu competition
If you'd like to take part in a contest to find the Island's ideal taste, you're in luck after the deadline for entries was extended.
Island's evidence used in MONEYVAL report on virtual assets
The Island's given evidence for a report by Europe's money laundering watchdog warning of the risks posed by virtual assets.
