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Product category: Stand-Alone Instruments
News Release from: NetTest
Edited by the Electronicstalk Editorial Team on 20 April 2004

Modest profit is major recovery

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NetTest has released its 2003 financial results.

NetTest has released its 2003 financial results The Group's profit for the year 2003 was DKK 50 million (US $8.4 million) - a substantial improvement on the previous year, when the company suffered a loss for the year of DKK 4822 million (US $809 million)

The revenue was DKK 550 million (US $92.3 million), representing a decline from 2002 of DKK 280 million (US $47 million), which was the result of divestments and closure of activities in connection with a changed, focused strategy.

On the ongoing activities, NetTest realised some growth in 2003 despite weak market conditions.