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MTI Wireless Edge Limited

Institution ups stake in MTI Wireless as its doubles first quarter profits

MTI Wireless Edge Ltd's (LON:MWE) Moni Borovitz updates Proactive London on their Share Repurchase Programme as well as first quarter trading.

The firm saw pre-tax profits more than double in Q1 while also recording significant growth in its order book.

For the three months ended 31 March pre-tax profits had risen to US$560,000 from US$250,000 previously, while revenues had jumped 16% year-on-year to US$9.1mln

Quick facts: MTI Wireless Edge Limited

Price: £0.30

Market: AIM
Market Cap: £26.23 m
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MTI Wireless Edge Limited (LON:MWE) chief executive Moni Borovitz speaks to Proactive London's Andrew Scott soon after the release of its interim results. Revenues rose 12% to US$19.1mln in the six months ended 30 June (H1 18: US$17.1mln), while pre-tax profits shot up to US$1.43mln (H1 18:...

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