Nera Telecommunications Flags Net Loss for Fiscal H1; Shares Down Over 1%

MT Newswires
21 Jul

Nera Telecommunications (SGX:N01) is expecting to book a net loss for the first half of the fiscal year ended June 30, according to a filing with the Singapore Exchange on Friday.

Shares of the company were down over 1% in recent trading.

The company has attributed this to adverse foreign exchange movements and restructuring initiatives undertaken by the group.

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