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Telit communication PLC’s chief seeing “significant growth” in Asia

Oozi Cats, chief executive of Telit Communications PLC (LON:TCM), talks to Proactive after another “solid” set of results for the company.

The machine-to-machine (M2M) wireless communications specialist saw revenues rise 13.4% to US$333.5mln in 2015 from $294mln in 2014.

“Since our start just about 16 years ago, we are 11 years publicly traded and it’s pretty much been a straight line of growth since the beginning,” he says.

Cats highlights the “very significant growth in Asia” where the firm saw 70% growth in 2015, a return on the investment it made in 2012 and 2013, which is now starting to bear fruit, but add also notes that the company is seeing growth all over the world.

Quick facts: Telit Communications PLC

Price: 154.2 GBX

AIM:TCM
Market: AIM
Market Cap: £204.61 m
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