Telit Communications Plc Reports Impressive Set Of Numbers For H1 2019

  • September 09, 2019 11:34 AM BST
  • Team Kalkine
Telit Communications Plc (AIM: TCM), for the six months ended 30 June 2019 has reported an impressive set of numbers with continued improvement in its financial performance. The company’s revenue was up by 7.6% to $180.3 million as compared to $167.5 million in H1 2018, though the growth was without including automotive business sold in February 2019, The company reported an improvement of $70.9 million in the profit before tax to $58.1 million, while it was a loss of $12.8 million in H1 2018. On the operational front, the company was able to further reduce its cash operating expenses and completed the restructuring and cost rationalization programme.

On 9th September 2019, at the time of writing, GMT 08:01 AM, TCM shares were trading at GBX 169.80, flat against the previous day closing price.


The website is a service of Kalkine Media Ltd (Kalkine Media), Company Number 12643132. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK