Thanks to a 30-per cent increase in net income, Ottawa’s C-Com Satellite Systems (TSX-V:CMI) is reporting its ninth profitable year in a row.
The satellite antenna seller reported revenue of $15.6 million during its 2013 fiscal year, which ended on Nov. 30. That’s a 16.4-per cent increase from last year, when it reported revenue of $13.4 million.
That revenue led to net income of $3.5 million, a 30-per cent increase from last year when the company reported profits of $2.7 million.
OBJ360 (Sponsored)
World Junior Championships set to boost Ottawa’s economy and global reputation
The World Junior Championships will kick off in Ottawa in December, bringing tens of millions of dollars of economic activity to the city, as well as a chance for local
The value of an Algonquin College degree: Experiential learning, taught by industry experts
Zaahra Mehsen was three years into a biology degree at a local university when she realized she wanted to take a different path. “I realized that it’s not my thing,”
The company credited the successful year to the popularity of its auto-deploying antenna systems in the oil and gas, telecom and military sectors.
“We are also starting to see incremental growth from the success of our new generation Ka-band products,” said Leslie Klein, the company’s president and CEO, in a press release.
“These products are expected to deliver increasing revenues to the company as more and more Ka-band satellites are launched around the world.”
