Netcomm earnings to surge in 2011
Netcomm has had significant success in supplying products to mobile broadband markets in the Middle East, North America and Europe.
Netcomm announced on Tuesday afternoon that it expected to achieve revenue of at least $58 million in the second half of 2011.
This compares with revenue of $22.9 million in the first half of 2009-10. Based on management’s low-range guidance for 2010-11, Netcomm should achieve revenues of $100 million resulting in earnings before interest, tax, depreciation and amortisation of $8 million.
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