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General

Alltele nearly halves EBITDA in Q2 and cuts more jobs

Friday 21 August 2015 | 12:47 CET | News
Swedish operator AllTele said revenue in the second quarter of 2015 fell to SEK 196.6 million from SEK 222.8 million a year earlier. EBITDA tumbled to SEK 11.6 million from SEK 21.2 million. The company suffered a net loss of SEK 300,000 after a net profit of SEK 7.5 million a year earlier and the undiluted loss per share was SEK 1.25 against a positive EPS of SEK 1.00 last year. More job cuts have been carried out and Timepiece has exercised its call option for 1.288 million shares. Cash flow from continuing operators was a negative SEK 21.4 million, barely changed from a negative SEK 21.6

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Categories: General
Companies: AllTele
Countries: Sweden
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