Nera Telecoms rings in two-fold rise in Q2 net profit to $10.5 million
A sparkling performance from the telecom business lifted second quarter net profit at Nera Telecommunications by two folds to $10.5 million from $3.3 million in the same period last year.
Revenue for the three months to June 30 was up 13.1 per cent to $47.2 million.
The increase resulted from higher turnover from telecom business segment partially offset by lower turnover in infocomm business segment, Nera said.
Telecom's turnover increased significantly by 75.5 per cent from $11 million to $19.3 million during the quarter.