Telit Communications sees first-half revenue rising 13%, margins stabilising

08:18 11/07/2018
StockMarketWire.com - Internet of Things company Telit Communications said it expected to post a 13% rise in first-half revenue, with margins stabilising.

Revenue for the six months through June was expected to rise to around $201m, with a contribution from Telit's connectivity and IoT platforms services business in the order of $16.5m.

'Gross profit margins have stabilised following the declines seen in 2017,' the company said.

At June 30, net debt had decreased by $5.2m to $25m.

At 8:18am: (LON:TCM) Telit Communications PLC share price was -0.5p at 154.5p


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