trending Market Intelligence /marketintelligence/en/news-insights/trending/8WXHYj6JqVBeNDWsyszItA2 content esgSubNav
In This List

LangTech International fiscal-year loss widens YOY

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation

Podcast

Next in Tech | Episode 64: Digital infrastructure – towers and datacenters unite! Sort of...


LangTech International fiscal-year loss widens YOY

LangTech International Pty Ltd. said its normalized net income for the fiscal full year ended June 30 amounted to a loss of A$2.1 million, compared with a loss of A$88,160 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 14.0% from negative 0.5% in the year-earlier period.

Total revenue grew 16.0% year over year to A$19.7 million from A$17.0 million, and total operating expenses increased 27.6% from the prior-year period to A$25.2 million from A$19.8 million.

Reported net income came to a loss of A$5.1 million, or a loss of 4 cents per share, compared to a loss of A$2.4 million, or a loss of 16 cents per share, in the prior-year period.