7 Sep 2015 08:52
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Don't have an account? Click here to register.Global Invacom expecting loss for the year
Thu, 22nd Dec 2016 08:46
(ShareCast News) - Global Invacom Group updated shareholders on its trading on Thursday, saying that following a preliminary review and assessment of the projected financial statements, it expects to report a net loss for the financial year ending 31 December.The AIM-traded company said the loss would be primarily due to the group's consolidation of its manufacturing operations in the People's Republic of China, as announced on 8 November."The Group will incur one-off shutdown expenses of approximately $3m for the closure and cessation of Radiance Electronics Shenzhen," the board said in a statement.Global Invacom said it anticipated that the consolidation will translate into improved gross margins and operational cost efficiencies in FY2017 and beyond."The group expects to announce its unaudited results for FY2016 in February 2017."
More News
25 Aug 2015 10:59
Global Invacom completes acquisition of US satellite antenna maker
(ShareCast News) - Global Invacom Group said it completed the acquisition of a US satellite antenna maker on Wednesday. Global Invacom said it finalised its agreement with Skyware Global and has acquired all of its total issued and paid-up share capital. It had also delivered share transfer forms t
Read more14 Aug 2015 08:31
Global Invacom swings to first half loss, upbeat on second half
(ShareCast News) - Satellite communications equipment company Global Invacom posted a $2.6m pre-tax loss for the first half of the year, as it warned in July. Shares in the AIM listed company fell by 1.79% to 0.275p at 0839 BST. The Singapore based company's loss followed a $4.3m pre-tax profit dur
Read more2 Jun 2015 14:34
Global Invacom set to acquire US satellite terminal maker
Sinagpore-based investment group Global Invacom has announced plans to acquire Skyware Global, a US manufacturer of satellite terminals, for up to $11.6m. The group will issue around $6.6m in treasury shares and enter into a cash earn-out model to pay Skyware up to $5.0m. Skyware's vendors will hol
Read more29 Apr 2015 05:14
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