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8Telecom narrows FY17 losses to $1.51 mil

Samantha Chiew
Samantha Chiew3/15/2018 07:37 AM GMT+08  • 2 min read
8Telecom narrows FY17 losses to $1.51 mil
SINGAPORE (Mar 15): 8Telecom International Holdings, the manufacturer and supplier of telecommunications products, announced that it has narrowed its FY17 losses to $1.51 million compared to $27.4 million in FY16.
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SINGAPORE (Mar 15): 8Telecom International Holdings, the manufacturer and supplier of telecommunications products, announced that it has narrowed its FY17 losses to $1.51 million compared to $27.4 million in FY16.

Revenue for the full year ended Dec 2017 saw a significant jump to $727,000 compared to $11,000 a year ago, due to the increased projects secured by the group’s subsidiary Arete M.

Other operating income also saw a notable increase to $128,000 from $10,000 last year.

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