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Gilat advances profit despite lower revenues in Q4

Wednesday 13 February 2019 | 12:14 CET | News
Gilat Satellite Networks reported lower revenues but stronger profit figures for the fourth quarter. CEO Yona Ovadia attributed the positive figures to growth engines Broadband, Mobile Cellular Backhaul and Mobility IFC, as well as cost cutting measures. The company expects to declare a cash dividend of USD 25 million, or about USD 0.45 per share. Looking forward, Ovadia said the company will continue to focus on further developing and expanding its existing growth engines.

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Categories: Broadcast & Satellite
Companies: Gilat Satellite Networks
Countries: World
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