“Our strategy of diversification continues to support the overall positive performance of the business! Being a diverse technology company enables us to adapt to changing market conditions. To date in 2023, defence related orders are currently the fastest growing segment of our business and this trend is expected to continue for some time”.
Said Moni Borovitz , Chief Executive Officer of MTI Wireless Edge Corporate
MTI Wireless Edge Corporate is pleased to announce revenues broadly level at US$22.4m held back by adverse currency translation. On a constant currency basis revenues increased by 2%.
The results for the first half were held back at the revenue level by the strength of the dollar against the shekel but we also benefitted from this movement, together with successful price increases, at the cost level improving gross margin and ultimately helping earnings per share to increase by 9% in the period.
Stay tuned as we journey ahead!