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GTT narrows loss in Q1, as revenues jump 73%

Wednesday 8 May 2019 | 17:02 CET | News
GTT Communications said revenues for the first quarter jumped almost 73 percent from the year before to USD 450.2 million while the net loss narrowed to USD 27.3 million from a loss of 30.7 million. The company attributed its net losses in general to one-off costs, including exit, transation and integration costs. These amounted to USD 12 million in Q1, against 7.8 million the year earlier. The company also booked one-offs from forex effects and interest rate hedges of USD 15.3 million, from 17.2 million year-on-year. At constant currency, revenues and the adjusted EBITDA would have been

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Categories: Fixed
Companies: GTT Communications
Countries: United States / World
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