StockMarketWire.com - Satellite communications equipment maker Global Invacom saw profits more than double in the first half of the year the Apexsat acquisition and the launch of new products to key customers bolsterd revenues.

For the six months ended 30 June 2019, profit before tax rose to US$2.1m from US$0.8m as revenues increased by 29.9% to $71.9m.

In the first half of the year, the company commenced sales of its US-targeted slimline Eastern Arc LNB (low noise block downconverter), following the successful launch of the Western Arc model in late-2018 and was initially the sole source supplier for these DTH products.

'We have made a strong start to 2019 buoyed by our recent acquisition of Apexsat and good customer traction across our DOS and DTH satelite solutions,' the company said.


At 9:51am: [LON:GINV] Global Invacom Group share price was 0p at 5.5p



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