Nordic Business Report-April 20, 2006-SwitchCore AB posts Q1 operating loss of SEK12.9m
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The Swedish data, voice and video communication solutions developer SwitchCore AB issued its first quarter figures on Thursday (20 April), posting an operating loss of SEK12.9m, as compared to a loss of SEK8.0m in the first quarter of 2005.
The turnover amounted to SEK17.2m, down from SEK30.7m in the first quarter last year. Compared to the fourth quarter of last year sales improved by 12%.
SwitchCore said that the weak sales and operating loss are due to the company being in between product generations and it pointed out that its order intake is already on the rise. Earnings for the quarter were burdened by large investments in product development of next generation products.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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