C-COM Reports Increased Revenue and Profits in Second Quarter

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C-COM Satellite Systems displaying Iraq war rebuilding tools at a trade show.

Image credit: C-COM

C-COM Satellite Systems announced financial results for its second quarter ending May 31, 2013. The company reported a net profit of $966,997 or 2.8 cents per share compared with results for the same period last year when there was a net profit of $542,251, or 1.6 cent per share. The working capital of the company increased by 19 percent to $16,975,564 at May 31, 2013 compared to $14,249,889 at May 31, 2012.

Revenues increased by 42 percent when compared with results from the same period last year, when total revenues were $3,367,970. The operating profit increased to $1,377,100, compared with the same period last year when the operating profit was $603,814.

For the six months ending May 31, 2013 the company is reporting a net profit of $1,874,299 or 5.4 cents per share compared with results for the same period last year when there was a net profit of $825,911, or 2.4 cent per share. Revenues increased by 46 percent for the six months ending May 31, 2013 to $8,725,257 compared with results from the same period last year when total revenues were $5,979,956. The operating profit increased to $2,452,032 for the period ended May 31, 2013 compared with the same period last year when the operating profit was $973,839.