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General

Mitel net loss reaches USD 6.7 mlin in Q3

Thursday 25 October 2018 | 12:18 CET | News
Mitel sharply narrowed its net loss in the third quarter, helped by higher revenues. The net loss went to USD 6.7 million from a loss the year before of 26.8 million, on revenues that rose to USD 309.6 million from 241.5 million. On a sequential basis however, the figures were lower, compared to a profit of USD 15.4 million and revenues of USD 324.7 million in the second quarter. The diluted loss per share went to USD 0.05 in Q3, against a loss of 0.23 year-on-year and a profit of 0.12 in the previous quarter.

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Categories: General
Companies: Mitel
Countries: World
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