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Broadband

Netgem posts small net loss in H1 hurt by sharp decline in IPTV business

Friday 3 August 2018 | 08:30 CET | News
Netgem reported a net loss of EUR 0.3 million in the first half of the year, compared to a profit of EUR 1.3 million in the year-earlier period. EBITDA fell by 30 percent year-on-year to EUR 2.1 million, reflecting a drop in revenue, also down 30 percent. Net revenue (gross sales minus cost of hardware sold) declined by 15 percent to EUR 11.0 million, based on EUR 23.0 million worth of sales revenue.

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Categories: Broadcast & Satellite / Internet
Companies: Netgem
Countries: World
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