Home Capital Results

Global Invacom reports second consecutive quarter of profitability

Michelle Zhu
Michelle Zhu11/11/2016 08:29 AM GMT+08  • 2 min read
Global Invacom reports second consecutive quarter of profitability
SINGAPORE (Nov 11): Global Invacom Group, the satellite communications provider, reported its second consecutive quarter of profitability with US$0.7 million ($1 million) in earnings as compared to losses of US$2.7 million in the previous year due to lowe
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 11): Global Invacom Group, the satellite communications provider, reported its second consecutive quarter of profitability with US$0.7 million ($1 million) in earnings as compared to losses of US$2.7 million in the previous year due to lower expenses.

As such, earnings per share on a fully diluted basis has been brought to 0.26 US cent, compared to a loss per share of 1.04 US cents in 3QFY15.

Revenue decreased marginally by 0.4% in 3Q16 to US$32.1 million from US$32.3 million in 3Q15, mainly attributable to a US$2.4 million reduction in the electronics manufacturing services and lower year-on-year sales orders in Asia.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now