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Wireless

Avenir Telecom's operating loss narrows to EUR 1.4 mln in fiscal H2

Friday 12 June 2020 | 11:06 CET | News
Avenir Telecom saw its operating loss more than halve to EUR 1.4 million in the six months to March (H2 2019/2020), from EUR 3.7 million in the year-earlier period. This also represents an improvement from the first-half operating loss, which amounted to EUR 3.0 million. The sequential progression was mainly driven by a return to revenue growth, said the company, as H2 sales rose 15 percent year-on-year to EUR 16.4 million. It was also supported by lower operating costs.

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Categories: Mobile & Wireless
Companies: Avenir Telecom
Countries: World
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