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Result of AGM and H1-2010 Revenues

30th Jun 2010 12:25

RNS Number : 5300O
Telit Communications PLC
30 June 2010
 



TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

 

Result of Annual General Meeting and H1-2010 Revenues

 

 

Telit Communications plc (AIM: TCM), a global leader in machine-to-machine (M2M) communications, is pleased to announce that, at the Annual General Meeting held earlier today, all resolutions were duly passed by shareholders.

 

During the meeting Mr Oozi Cats, Chief Executive and chair of the meeting, made the following statement:

 

"Starting from 1 January 2010, the Company will be reporting its financial results in U.S. dollars due to changes in the mix of sales and purchase of components.

 

H1 2010 revenues are expected to be approximately US$56 million, representing strong growth of more than 50% over the same period in 2009. This growth came despite a shortage of certain components that is expected to be resolved in the second half.

 

The Company will report its H1 2010 financial results in September."

 

 

 

 

For further information please visit www.telit.com or contact:

 

Telit Communications Plc

Yariv Dafna, CFO

Michael Galai, VP Legal & General Counsel

Tel: +39 06 42046020

Tel: +972 3 791 4040

Astaire Securities Plc, Nomad & Broker

Tel: +44 20 7492 4775

Shane Gallwey

Sebastian Wykeham

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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