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Adva revenues grows revenues, profit in Q3

Thursday 25 October 2018 | 09:54 CET | News
Adva Optical Networking said revenues for the third quarter advanced 13.5 percent from the year before to USD 126.2 million, well within guidance. The pro-forma operating profit lifted 21 percent to USD 6.8 million, or 5.4 percent of revenues, from a loss of 806,000. The net profit reached almost USD 4 million, from a loss of just under 14 million. Cash and cash equivalents at the end of the quarter reached USD 53.9 million, from 59.6 million at end June. Net debt increased meanwhile by EUR 2.1 million to EUR 38.7 million. 

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Categories: Fixed
Companies: Adva
Countries: World
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