Avanti says poised for better future as revenues slide to USD 20.2 mln in fiscal H1

Friday 2 March 2018 | 11:27 CET | News
Satellite operator Avanti Communications has reported its results for the first half to end December, saying revenues fell to USD 20.2 million from 32.3 million the year before and that the EBITDA loss widened to USD 11.4 million from a loss of 6.3 million. Avanti said its balance sheet restructuring is moving to plan and that it should complete in April. Cash balances as of 19 February amounted to USD 47 million, with net debt at end December rising to USD 729.4 million from 562 million at end June. Avanti announced earlier reported lower results for the quarter to end September.

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Categories: Broadcast & Satellite / Broadcast & Satellite
Companies: Avanti Communications
Countries: World
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