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Wireless

Telit lifts revenues from continuing ops by 7.2% to USD 179..5 mln in H1

Wednesday 17 July 2019 | 14:56 CET | News
In a trading update, Telit said revenues for the the first half of the year from continuing operations lifted 7.2 percent from the year before to USD 179.5 million. Total group revenue, including two months worth of contributions from the automotive business sold in February, slid to USD 189.5 million from 201.7 million. The company said profitability for the half is expected to improve with a positive profit in cash, from a loss in cash of USD 5.7 million. At end June, Telit's cash position rose to USD 44 million. Net debt at end December amounted to USD 34 million.

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Categories: Mobile & Wireless
Companies: Telit Communications
Countries: World
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