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Nera Telecommunications 1Q earnings down 39.2% to $1.74 mil

Samantha Chiew
Samantha Chiew5/10/2018 05:57 PM GMT+08  • 2 min read
Nera Telecommunications 1Q earnings down 39.2% to $1.74 mil
SINGAPORE (May 10): Nera Telecommunications (NeraTel) reported a 39.2% fall in 1Q18 earnings to $1.7 million from $2.9 million in 1Q17 due to mainly higher unrealised foreign exchange loss coupled with higher operating expenses,
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SINGAPORE (May 10): Nera Telecommunications (NeraTel) reported a 39.2% fall in 1Q18 earnings to $1.7 million from $2.9 million in 1Q17 due to mainly higher unrealised foreign exchange loss coupled with higher operating expenses,

Revenue for the quarter came in 5.7% lower at $41.6 million, compared to $44.1 million last year.

This was due to both lower turnover reported from the group’s Network Infrastructure and Wireless Infrastructure Network business segments. The decrease in turnover was largely due to the delay in project completion.

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