* FY revenue $2,440 mln (company poll $2,373 mln)
* FY core earnings $872 mln (company poll $864 mln)
* Says remains cautious on Caribbean
LONDON, May 25 Cable & Wireless Communications (CWC.L) posted a 1 percent rise in core earnings in its first year as a standalone business, after strong trading in Macau offset tougher conditions in its Caribbean markets.
The company, which demerged from Cable & Wireless in 2010, reported core earnings of $872 million, just beating market expectations, on revenue 4 percent higher at $2.4 billion.
"The Caribbean has been more difficult than we anticipated at the time of demerger and we continue to face weak or declining economies across the region," the company said on Wednesday.
"We expect the underlying progress in Panama, Macau and Monaco & Islands to continue however we are cautious on the economic and financial outlook for the Caribbean (excluding BTC) where it is prudent to assume an EBITDA range of US$180-210 million."
CWC, which also trades in Panama and Monaco, has been reshaping its Caribbean operations as it battles reduced tourism and increased competition.
It bought a majority stake in Bahamas Telecommunications Company (BTC) in April and announced it would sell its operating business in Bermuda in February.
Shares in CWC have fared better than C&W Worldwide since Cable & Wireless was split in March 2010.
Its stock has fallen 9 percent against a more than 40 percent drop for C&W Worldwide, which focuses on corporate and government markets in the UK and elsewhere.
Analysts expected CWC to report revenue of $2,373 million, and core earnings of $864 million, according to a company-supplied consensus.
It is paying a full-year dividend of 8 cents, which it said it expected to keep at the same level in the current year.
(Reporting by Paul Sandle. Editing by Jane Merriman)
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