SGX Stock News : Global Invacom swings back to profitability in 2Q .

SINGAPORE (Aug 4): Global Invacom Group, the satellite interchanges hardware supplier, reported 2Q16 profit of US$0.2 million, contrasted with a net loss of US$1.9 million a year prior.

Income per offer added up to 0.08 US penny contrasted with a misfortune for every offer of 0.74 US penny a year back.

Income rose 24.4% to US$33.5 million ($45 million). This included commitments from Satellite Acquisition Corporation which turned into a gathering backup in August 2015.

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