 LONDON (SHARECAST) - Revenues and profits slumped at telecommunications equipment supplier BATM in the year to 31 December after it suffered a decline in sales to telecoms services giant Nokia Siemens Networks. Pre-tax profits slid to $1.03m from $18.45m the previous year on revenues that were down to $120.58m from $135.39m. However, BATM said that sales have recovered and are expected to continue doing so. “The challenges of 2010 demonstrated the resilience of the company and its technology capabilities that enable it to maintain momentum, which we believe will allow us to grow the business as we move into 2011 and beyond,” chief executive Zvi Marom said. | |||||||||||||||||||||||||||||||||||||||||||||||||
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