As cost of sales increased 6.3% y-o-y to US$22.8 million, gross profit for 1Q18 came in at US$6.09 million, 1.0% higher than US$6.03 million in 1Q17.
SINGAPORE (May 10): Global Invacom, the fully integrated satellite equipment provider, reported 1Q18 earnings dropped by 46.1% to US$0.33 million ($0.44 million) from US$0.61 million in 1Q17.
Revenue for the quarter came in at US$28.9 million compared to US$27.5 million a year ago, attributed to the increase in orders from the key customers in the UK and US.
