Net Insight profit halves in Q2

Wednesday 22 July 2015 | 16:19 CET | News
Net Insight reported second-quarter sales of SEK 93.2 million, down 7.4 percent from a year earlier. Its operating profit for the second quarter more than halved compared to a year ago, to SEK 4.9 million from SEK 13.0 million, and cash flow dropped to SEK 2.2 million from SEK 5.4 million. The provider of broadcast network equipment noted that sales were still up from Q1 and it booked two large orders in the second quarter last year, making for a difficult comparison. CEO Fredrik Tumegard said the company had steady new business inflows and stable underlying growth.

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