NetComm Wireless share price plummets

Company News

by Rachael Jones

NetComm Wireless (ASX:NTC) has reported their NPAT increased to $8 million compared to the prior period loss of 1.8 million.

Group revenue is up 69 per cent to $181.7 million.

EBITDA is up 5.7 per cent to $20.5 million.

They also announced the appointment of a new non-executive director to the company, effective immediately.

Jackie Korhonen has 30 years of experience in the IT industry.

Shares in NetComm Wireless (ASX:NTC) are trading 38.52 per cent lower at 83 cents.
 

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