logo-loader
viewMTI 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: 39.098 GBX

AIM:MWE
Market: AIM
Market Cap: £34.36 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Zanaga Iron Ore's Andrew Trahar updates on floating port facility and early...

Zanaga Iron Ore Company Limited's (LON:ZIOC) Andrew Trahar speaks to Proactive London following the news it's completed a concept study to assess the viability of a floating dewatering, storage and offloading port facility at its project in the Republic of Congo. He says the study indicates the...

11 minutes ago

2 min read