LONDON (Alliance News) - AIM-listed satellite communications company Global Invacom Group Ltd said Tuesday that it has renewed its sales contract with one of its major customers, a Southeast Asia broadcaster, which will begin contributing revenue from August.
Additionally, all of its delayed orders on satellite dishes and low-noise blocks from major customers in the US, UK and Asia have restarted, and are expected to contribute to the company's financial performance in the second half of 2015.
Last Friday, the company reported a swing to a pretax loss in its first half, hit by delayed sales to three of its major customers, although it said at that time it expected a return to operating profitability in its second half.
On Tuesday, the company said shareholders are advised to act cautiously when dealing their shares, and should consider the company's first half results.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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