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Sudatel turns to $4.5m loss in Q3

Sudatel turns to $4.5m loss in Q3
Loss per share totalled 0.0035 cents in Q3
Sudatel
SDTL
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Abu Dhabi – Mubasher: Sudatel Telecom Group on Thursday announced a loss attributed to the equityholders of the parent worth $4.474 million in the third quarter ended 30 September 2019, against a profit of $2.902 million in the corresponding quarter in 2018.  

Loss per share amounted to 0.0035 cents in Q3-19, versus earnings per share (EPS) of 0.0026 cents in Q3-18, a bourse statement revealed.

During the period from January to September in 2019, the profit attributed to the equityholders of the parent totalled $3.915 million, sharply down from $26.638 million a year ago, with the EPS decreasing to 0.0033 cents in the 2019 period from 0.0213 cents.