As cost of sales increased 6.3% y-o-y to US$22.8 million, gross profit for 1Q18 came in at US$6.09 million, 1.0% higher than US$6.03 million in 1Q17.
Other income was 69.1% lesser at US$0.06 million from US$0.20 million a year ago.
During the quarter, the group did not record any other operating expenses, compared to US$0.11 million in the previous year.
As at March 31, cash and cash equivalents stood at US$12.5 million.
Tony Taylor, executive chairman of Global Invacom says, “Satellite systems remain a core technology partner for broadcasters, communications operators and media businesses globally, and we remain positive about the medium‐term prospects of the group.”
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Shares in Global Invacom last traded at 11 cents on Wednesday.
