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Global Invacom more than doubles profit in Q3 on growing demand, new products

Thu, 14th Nov 2019

Satellite communications company Global Invacom said profit more doubled in the third quarter fo the year as a rise in demand and the launch of new products improved performance. For the three months ended 30 September 2019, pre-tax profit rose to $294K from $104K on-year as revenue rose 6.4% to $32.5m. Revenue for the nine months ended 30 September 2019 increased 21.5% to US$104.4m. The group had continued to deliver sales growth in quarter, driven by reflecting increasing consumer demand for data and connectivity, the company said. At 9:34am: (LON:GINV) Global Invacom Group share price was 0p at 8p Story provided by StockMarketWire.com

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