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Broadband

NextGenTel posts Q1 net profit on lower revenues

Thursday 7 May 2015 | 10:32 CET | News
Telio, which recently decided to change its name to NextGenTel, said revenues in the first quarter of 2015 fell to NOK 311.9 million from NOK 322.4 million in the same quarter last year. The gross profit fell to NOK 160.3 million from NOK 170.7 million, giving a gross margin of 51.4 percent, down from 52.9 percent. EBITDA decreased to NOK 64.2 million from NOK 76.8 million. The company posted a net profit of NOK 17.6 million compared with a net loss of NOK 3.5 million in the first quarter of 2015.

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Categories: Fixed / Mobile & Wireless
Companies: NextGenTel / Telio
Countries: Netherlands / Norway / Switzerland
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