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Kudelski posts H1 net loss of USD 36.5 mln in restructuring costs, lower revenues

Wednesday 15 August 2018 | 10:22 CET | News
Kudelski Group reported a net loss of USD 36.5 million for the first half of 2018, widening from a loss of USD 5.3 million a year earlier on the back of USD 28 million in restructuring costs. Excluding the one-time costs, the operating loss was USD 2.2 million versus a profit of USD 15.4 million a year ago. Kudelski said it expects improvement in the second half and maintained its forecast for an operating profit of USD 30-45 million in the full year, excluding restructuring costs. 

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Categories: Broadcast & Satellite / Internet
Companies: Conax / Kudelski Group
Countries: World
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