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NeraTel declares long awaited special dividend... Here’s how much

Gwyneth Yeo
Gwyneth Yeo11/8/2016 07:33 PM GMT+08  • 2 min read
NeraTel declares long awaited special dividend... Here’s how much
SINGAPORE (Nov 8): Nera Telecommunications has declared a 15 cent special dividend from the disposal of its payment solutions business to Ingenico Group S.A. in May for $88.4 million.
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SINGAPORE (Nov 8): Nera Telecommunications has declared a 15 cent special dividend from the disposal of its payment solutions business to Ingenico Group S.A. in May for $88.4 million.

For 3QFY16, NeraTel reported net losses of $1.75 million, reversing from earnings of $2.2 million for 3QFY15.

Revenue rose 20.4% to $33.8 million, from the higher revenue contributions of both its business segments, Telecommunications and Infocomm.

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