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Net Insight moves to Q4 profit as revenues jump 20%

Thursday 16 February 2017 | 14:53 CET | News
Net Insight said it had a strong finish to 2016 with fourth-quarter revenues up 20.3 percent year-on-year to SEK 133.0 million. The increase was 13.0 percent at comparable currency rates. The operating result moved to a profit of SEK 13.7 million from a loss of SEK 1.4 million a year ago, and net profit reached SEK 6.3 million versus a loss of SEK 12.2 million in Q4 2015. Cash flow was a positive SEK 7.3 million. Quarterly results were boosted by a major order from a North American customer, and annual revenue growth of 34 percent was also supported by the takeover of ScheduALL. Net Insight

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Categories: Broadcast & Satellite
Companies: Net Insight
Countries: World
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