Home THE DAILY EDGE Business Neratel posts 9.4% rise in 2Q profit after tax to $2.9m
Neratel posts 9.4% rise in 2Q profit after tax to $2.9m

Tags: Nera telecommunications

Written by The Edge   
Friday, 06 August 2010 18:53
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Nera Telecommunications has posted a 9.4% fall in profit after tax for second quarter ending June 30 (2QFY2010) to $2.9 million from $3.3 million in 2QFY2009.

Turnover for second quarter decreased 22.8% to $38.0 million from $49.3 million in 2QFY2009.

Neratel says the drop in turnover resulted from lower turnover from the Telecom business segment, but partially offset by higher turnover from the Infocomm business segment.

In the Telecommunications sector, turnover decreased by 58.7% to $11.4 million from $27.6 million.

In the Communications sector, turnover rose 23% to $26.7 million from $21.7 million. The increase was mainly due to higher sales of network equipment to the Enterprise market sector and Government, Transport and Utilities market sector.


 

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Last Updated on Friday, 06 August 2010 18:53