viewMTI Wireless Edge Limited

MTI Wireless Edge profits rise as 5G roll-out builds momentum

MTI is gearing up for the widespread adoption of 5G mobile technology and sales of its 5G antenna tripled

Military communication is an important part of the business

Mobile phone antenna specialist MTI Wireless Edge Ltd (LON:MWE) saw a sharp uplift in sales and profits follow the merger with its major shareholder in September.

Operating profit rose by 82% to US$2.9mln in the year to December on revenues 35% higher at US$35.5mln.

READ: MTI Wireless Edge says Ginat Wave India unit secures first large scale orders, worth in total US$900,000

Earnings increased by 14% to 2.70c allowing for the greater amount of shares in issue following the merger.

MTI is gearing up for the widespread adoption of 5G mobile technology and sales of its antenna designed for this market tripled in 2018.

This will also be the driver of the antenna division going forward, said MTI.

The Israeli firm has a business supplying remote controlled water management systems and revenues here grew by 9% over the year.

Dov Feiner, chief executive, added he is confident about the coming twelve months across the business.

"We enter 2019 with a healthy order book and a large pipeline of opportunities in the various segments of the business, which provides us with great confidence in the future growth potential of the business.”

The dividend for the year is US$0.015.

Quick facts: MTI Wireless Edge Limited

Price: 35 GBX

Market: AIM
Market Cap: £30.6 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of MTI Wireless Edge Limited named herein, including the promotion by the Company of MTI Wireless Edge Limited in any Content on the Site, the...



Investor Update: Thomas Cook enters compulsory liquidation

Headlines from the Proactive UK newsroom. Thomas Cook (LON:TCG) has entered compulsory liquidation sparking the largest repatriation of British holiday makers.  The tour operator collapsed when last ditch-talks over emergency funding failed. MTI Wireless Edge (LON:MWE) has picked up a...

on 23/9/19

2 min read