StockMarketWire.com - Radio frequency solutions group MTI Wireless Edge posted a 67% increase in net profit for the first nine months of the year.

Net profit for the nine months through September rose to $1.6m, as revenue rose 32% on-year to $25.9m.

Excluding the impact of a merger with MTI Computers and Software Services, revenue rose by a more modest 2% while net profit rose 7%.

'We are very pleased to have completed the merger, which we feel has immediately demonstrated a benefit to the company, by increasing its range of solution offerings, revenue and profits,' chairman Zvi Borovitz said.

'We remain excited about the opportunities for the enlarged group, as we continue to see good progress in meeting our internal goals in all areas of the business.'




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