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Subex announces financial results for quarter-ended September 2016

Finance , December 06, 2016

Subex Limited, a global provider of business and operations support systems for communications service providers has announced its financial results for quarter ended September 2016.

The revenue for the company increased by 5.1 per cent from Rs 792.8 million during quarter ended September 2015 to Rs 833.60 million in the corresponding quarter in 2016. The operating profit from the company excluding foreign exchange decreased by 15.8 per cent from Rs 155.8 million during quarter ended September 2015 to Rs 133.1 million during the corresponding quarter in 2016.

Meanwhile, the profit after tax reported by the company increased by 191.7 per cent from a negative amount of Rs 106.2 million during quarter ended September 2015 to Rs 97.4 million during the corresponding quarter in 2016. Further, the earnings before interest, taxes, depreciation and amortisation (excluding foreign exchange) decreased by 14.1 per cent from Rs 166.3 million during quarter ended September 2015 to Rs 142.8 million during the corresponding quarter in 2016.

 
 

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