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Broadband

Netgem post 11% gross profit growth in Q1 as revenues decline 12%

Friday 23 April 2021 | 11:10 CET | News
Netgem has published a trading update for the three months to March, which included a growth target of around 10 percent for full-year gross profit. The company said that it was able to release this annual objective with the confidence that its business transformation to a TV-as-a-service model was now complete. For the first quarter, gross profit amounted to EUR 4.4 million, up 11 percent year-on-year. This growth was despite a contraction in revenues, down 12 percent to EUR 7.1 million.

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Categories: Internet
Companies: Netgem
Countries: Europe / France
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