M-WEB announced major growth exceeding expectations on Thursday, in both its revenue and subscriber base. Year-end saw the subscriber base nearing the landmark quarter-million figure and revenues increased by 96% to R227,3-million. In addition, unique monthly visitors to M-Web owned portals now exceeds 700000 – nearly three times the subscriber base. In line with expectations, following consolidation and investment, headline losses of R281,3-million were incurred. During the same period, gross profit increased by 212% to R111,8-million – mainly as a result of efficiencies obtained on network cost and increased revenue following investment in the previous financial year.