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Finland - Elektrobit posts Q2 net loss of EUR 6.4 million.

Europe Intelligence Wire

| August 02, 2007 | COPYRIGHT 2007 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Telecompaper Europe)

Elektrobit reported a net loss from continuing operations of EUR 6.4 million for the second quarter, versus a profit of EUR 1.3 million a year earlier. The company's sales increased 5.9 percent to EUR 33.5 million, while the operating result moved to a loss of EUR 6.6 million from EUR 2.8 million a year ago. Its wireless division posted sales of EUR 22.2 million, versus EUR 22.8 million a year ago. The wireless operating result moved to a ...

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