Business Services Industry
Teleste Corporation reports operating profit of EUR9.8m for 2006
Nordic Business Report, Jan 30, 2007
NORDIC BUSINESS REPORT-30 January 2007-Teleste Corporation reports operating profit of EUR9.8m for 2006(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
Finnish technology group Teleste Corporation reported on Tuesday (30 January) an operating profit of EUR9.8m on net sales of EUR101.8m for the financial year 2006.
Both operating profit and net sales for the 12-month period increased, respectively, from EUR8.6m and EUR82.6m as compared to 2005.
Earnings per share (EPS) increased by 15.2% to EUR0.41.
The board of directors also proposed that a dividend of EUR0.20 per outstanding share be paid.
Teleste expects to continue to grow profitably in 2007 focussing on making the production process even more effective and speeding up the turnaround times in product development.
Teleste, headquartered in Turku, Finland, is an international technology group which specialises in broadband data communication systems and solutions. Teleste has some 30 offices worldwide and is listed on the Nordic Exchange in Helsinki.
One British pound (GBP) is worth approximately 1.49 euros (EUR).
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