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Net Insight AB reports Q1 operating loss of SEK18.91m.

NORDIC BUSINESS REPORT-3 May 2005-Net Insight AB reports Q1 operating loss of SEK18.91m(C)1994-2005 M2 COMMUNICATIONS LTD

The Swedish video, voice and data network equipment developer Net Insight AB issued its first quarter report on Tuesday (3 May), posting an operating loss of SEK18.91m, as compared to a loss of SEK19.95m in the first quarter of 2004.

The net turnover improved from SEK13.12m in the first quarter last year to a record of SEK21.01m in the first quarter this year.

Net Insight said that it expected the positive development to continue in the second quarter.

Net Insight on Tuesday also announced that it had decided to carry out a SEK98.5m new share issue in order to finance a strengthening of its sales activities. The new share issue is directed to existing shareholders and is fully guaranteed.

One Swedish krona (SEK) is worth approximately 0.08 British pounds (GBP).

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUSW
Date:May 3, 2005
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