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Wireless

AINMT Scandinavia lifts Q1 sales but posts negative EBITDA

Wednesday 1 June 2016 | 15:29 CET | News
AINMT Scandinavia, part of Ukrainian-born American billionaire Len Blavatnik's Access Industries group, said that revenue in the first quarter of 2016 rose to NOK 180.8 million from NOK 177.3 million in the same quarter of last year. EBITDA was negative at NOK 11.1 million compared with positive EBITDA in 2015 of NOK 49.0 million. Non-recurring items are mainly related to extraordinary costs related to the network technology upgrade.

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Categories: Mobile & Wireless
Companies: Ice.net / Net1
Countries: Denmark / Norway / Sweden
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