Neratel

[marandaz]

NeraTel's Q1 profits down 16.8% year-on-year

Singapore-based telecommunication services and equipment provider Nera Telecommunications (NeraTel) saw its Q1 profits decrease 16.8 percent year-on-year to SGD 4.98 million, hurt by an increase in the cost of sales and other expenses. NeraTel's turnover increased 11.3 percent to SGD 40.65 million in Q1. Telecom turnover grew 4.8 percent year-on-year to SGD 13.8 million, mainly due to higher sales in Asia Pacific, partially offset by lower sales in Middle East and Africa. The higher sales in Asia Pacific were mainly due to the inclusion of revenue from the new subsidiary in Malaysia acquired in April 2013. The infocomm segment's turnover for Q1 increased 15.4 percent to SGD 26.8 million.