NetComm Wireless share price plummets

Company News

by Rachael Jones

NetComm Wireless (ASX:NTC) has reported their NPAT increased to $8 million compared to the prior period loss of 1.8 million.

Group revenue is up 69 per cent to $181.7 million.

EBITDA is up 5.7 per cent to $20.5 million.

They also announced the appointment of a new non-executive director to the company, effective immediately.

Jackie Korhonen has 30 years of experience in the IT industry.

Shares in NetComm Wireless (ASX:NTC) are trading 38.52 per cent lower at 83 cents.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.