Global Invacom Group Limited (DI) (GINV)

Sector:

IT Hardware

 8.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 9.00
  • 52 Week Low: 3.50
  • Currency: UK Pounds
  • Shares Issued: 259.66m
  • Volume: 0
  • Market Cap: £20.77m
  • RiskGrade: 245

Global Invacom recovers losses in third quarter

By Bianca Boorer

Date: Friday 11 Nov 2016

LONDON (ShareCast) - (ShareCast News) - Global Invacom, an AIM listed satellite communications equipment provider, swung to a third quarter net profit of $0.7m, up from a loss of $2.7m incurred in the previous period.
The group's second consecutive quarter of profitability came on the back of increased demand in the US for the company's electronics products.

Gross profit also rose by 15.4% to $7.2m. Gross profit margin improved to 22.6% from 19.5% due to a favourable product mix, improved efficiency and tighter factory cost control.

Revenue for the third quarter was basically down by a marginal 0.4% to $32.1m due to a $2.3m reduction in the Electronics Manufacturing services and lower year-on-year sales orders in Asia.

With the inclusion of Global Skyware third quarter revenue from America and Europe rose $2.3m and $0.5m respectively offset by a fall in revenue from Asia and the rest of the world by $2.1m and $0.8m respectively.

Earnings per share on fully diluted basis was 0.26 cents compared to a loss per share of 1.04 cents in the previous period.

The group has also completed the first phase of research and development for next generation Low Noise Block products that support digital channel stacking switch technology. It has secured production approval for column supply to its largest customer which will commence in the fourth quarter.

Executive chairman Tony Taylor said: "The group-wide restructuring and cost improvement has clearly contributed to our second consecutive quarter of profit. We have consolidated our supply chain, strengthened our management team and widened our sales network. We will continue to build on this momentum to drive sustainable growth and strengthen our global leadership in the R&D and production of Sat Comms equipment."

The share price rose 11.25% to 8.9p at 1034 GMT on Friday.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GINV Market Data

Currency UK Pounds
Share Price 8.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 9.00
52 Week Low 3.50
Volume 0
Shares Issued 259.66m
Market Cap £20.77m
RiskGrade 245

GINV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.98% above the market average28.98% above the market average28.98% above the market average28.98% above the market average28.98% above the market average
30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average
Price Trend
71.26% above the market average71.26% above the market average71.26% above the market average71.26% above the market average71.26% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income Not Available
Growth
61.73% below the market average61.73% below the market average61.73% below the market average61.73% below the market average61.73% below the market average
13.04% below the sector average13.04% below the sector average13.04% below the sector average13.04% below the sector average13.04% below the sector average

GINV Dividends

  Latest Previous
  Final Final
Ex-Div n/a 14-May-15
Paid n/a 25-May-15
Amount 0.000¢ 0.53¢

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

GINV Key Personnel

COO Gordon Blaikie

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