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Broadband

Teleste profit declines 7% amid higher revenues in Q4

Thursday 4 February 2016 | 16:04 CET | News
Teleste net revenues rose 27.0 percent year-on-year to EUR 68.4 million in the fourth quarter. The operating profit however declined 7.1 percent to EUR 3.3 million, negatively impacted by weaker-than-expected profits at the services business and the fact that the main part of deliveries in access network products fell on lower-margin products subject to competition. Undiluted earnings per share slipped 8.0 percent to EUR 0.16. Orders received totaled EUR 68.2 million, an increase of 28.77 percent from the year before.

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Categories: Fixed
Companies: Teleste
Countries: World
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