Mixed half-year for Net Insight | Major Businesses | Business
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In its interim report for the half year to 30 June 2019 streaming transport solutions provider Net Insight is claiming that its recent restructuring has begun to show results despite posting some falls in earnings.

nimbra 20July2019For the period from 1 April to 30 June 2019, the company’s net sales amounted to SEK 128.5 million, an increase of 7.5% year-on-year. In comparable currencies net sales increased by 2.1% yet operating earnings fell by SEK 12.9 million to SEK 3.3 million, corresponding to an operating margin of 2.6%. Net income dropped SEK 9.4 million for the period to SEK 2.2 million. Net financial items were positively affected by SEK 0.2 (0.6) million for revaluation of synthetic options.

For the half year, net sales increased 4.3% year-on-year to SEK 239.8 million but in terms of comparable currencies net sales decreased by 2.4%. Operating earnings fell by SEK 10.5 million on a comparable basis to SEK -8.6 (-10.5) million and net income was SEK 6.4 million, a fall of SEK 6.4 million for the period. Net financial items were positively affected by SEK 0.4 million for revaluation of synthetic options.

Looking at highlights for the half year, the company noted positive results from efficiency improvements and success with its core Nimbra 1060 product. In its results, the company also highlighted the fact that it had gained agreement for a SEK 50 million liquidity reserve guarantee.