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Nera Telecommunications sees 33.6% lower group revenue of $22.8 mil in 1Q21

Felicia Tan
Felicia Tan • 2 min read
Nera Telecommunications sees 33.6% lower group revenue of $22.8 mil in 1Q21
Shares in Neratel closed flat at 17.8 cents on May 18.
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Nera Telecommunications (Neratel) has reported group revenue of $22.8 million in the 1QFY2021 ended March, 33.6% lower than revenue of $34.4 million, due to a slowdown in project progression in various markets.

Segmentally, government, transport and utilities (GTU) saw revenue plunge 66.8% y-o-y to $3.6 million.

Service Provider fell 27.9% y-o-y to $14.3 million.

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