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General

Adva Q1 profit falls but order activity still strong

Thursday 23 April 2020 | 09:31 CET | News
Adva Optical Networking said revenues for the first quarter reached USD 132.7 million, up 3.5 percent from the year before but down over 12 percent sequentially, when the virus epidemic started taking shape. The adjusted operating result meanwhile sank to a loss of 1.7 million as Wuhan went into lockdown, from a gain of 2.7 year-on-year and 10.3 million quarter-on-quarter. The operating result followed the same pattern, as did the net result. The first went to a loss of 4.0 million from a gain of 868,000 the year earlier and one of 5.4 million in the previous quarter. The profit figure slid

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Categories: General
Companies: Adva Optical Networking
Countries: World
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