0
IT

Tecnotree improves profitability in Q2 but liquidity remains critical

Friday 11 August 2017 | 12:22 CET | News
Finnish company Tecnotree turned to a net profit of EUR 0.7 million in the second quarter from a net loss of EUR 2.6 million a year earlier, but net sales slipped to EUR 15.1 from EUR 16.2 million and it said its financial situation and liquidity remain critical. Cash flow after investments was a positive EUR 0.6 million, after a negative EUR 0.4 million in Q2 2016, but parent company shareholder equity remains negative.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: IT
Companies: Tecnotree
Countries: Finland
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Tecnotree lifts profit in Q3 but is still struggling with liquidity issues

Published 27 Oct 2017 14:31 CET | Finland
Finnish company Tecnotree raised its net profit in the third quarter to EUR 0.1 million from a loss the year before of 0.01 ...

Tecnotree makes 13 people redundant, expects to save EUR 1.1 mln a year

Published 22 Sep 2017 13:28 CET | Finland
Tecnotree said it has completed talks to reduce its workforce and will make thirteen people in Finland redundant in all, five of ...

Tecnotree aims to cut up to 20 jobs, lower costs by EUR 5 mln

Published 19 Jul 2017 11:44 CET | Finland
Finnish company Tecnotree said it will start negotiating a reduction in its workforce of up to 20 people, on financial and ...

Tecnotree offers marketplace, partner lifecycle management

Published 12 May 2017 12:14 CET | Finland
Telecoms IT provider Tecnotree said it will demonstrate its new products Tecnotree Digital Marketplace (DMP) and Tecnotree ...

Tecnotree says its liquidity situation is critical

Published 28 Apr 2017 12:08 CET | Finland
Finnish telecoms firm Tecnotree said its liquidity situation remains "critical" and that there is "no certainty" that it has ...

Tecnotree inks 3-year managed services deal with ME operator

Published 26 Apr 2017 18:26 CET | Middle East
Tecnotree has announced an agreement with a Middle East key customer to provide managed services for Tecnotree products and ...

Tecnotree wins EUR 14 mln maintenance contract

Published 26 Apr 2017 17:26 CET | World
Tecnotree said it has signed a maintenance and support contract worth over EUR 14 million with a leading operator group. The ...

Tecnotree to cut EUR 5 mln more in costs after lower Q4

Published 03 Apr 2017 13:49 CET | Finland
Tecnotree said revenues for the fourth quarter fell to EUR 14.7 million from 24.6 million the year before, with the operating ...





-/- 33%
decline prepaid service revenues y-o-y
Belgium  |  2017 Q3