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Global Invacom swings back to profitability in 1Q with earnings of $0.8 mil

Michelle Zhu
Michelle Zhu5/11/2017 08:10 AM GMT+08  • 3 min read
Global Invacom swings back to profitability in 1Q with earnings of $0.8 mil
SINGAPORE (May 11): Satellite communications equipment provider Global Invacom has announced US$0.6 million ($0.85 million) in earnings for the 1Q ended March 31, reversing from its loss of US$0.7 million in the comparable period last year.
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SINGAPORE (May 11): Satellite communications equipment provider Global Invacom has announced US$0.6 million ($0.85 million) in earnings for the 1Q ended March 31, reversing from its loss of US$0.7 million in the comparable period last year.

The turnaround was lifted by a full quarter of profit which was recorded for the first time in a while by Global Invacom’s US subsidiary, Ravens Antenna Systems (Global Skyware), which was acquired by the group on 24 Aug 2015.

Global Skyware designs and manufactures antennas for broadband, satellite and very small aperture terminals covering C-band, Ku-band and Ka-band frequency platforms.

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