Nera Telecommunications profits up 24.9% in Q3

The increase is derived from profits from its continuing operations.

Nera Telecommunications recovered from a loss of $1.72m last year to profits of $1.98m in Q3.

According to its quarterly financial statement, the company recorded a $42.2m turnover in Q3 largely due to revenues from its continuing operations worth $1.9m.

During its nine-month operation, Nera’s order in-take rose by 23.5% YoY to $168.7m. This was driven by increased orders from both its network infrastructure and wireless infrastructure network business segments.

In 9M, Nera’s network infrastructure business segment rose 28.7% YoY to $108.9m whilst its wireless infrastructure network posted a 15.1% increase YoY to $59.8m.