{"id":87250,"date":"2010-03-24T18:35:21","date_gmt":"2010-03-24T10:35:21","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/c-com-sees-sales-revenue-increase-net-profits-drop-over-currency-exchange\/"},"modified":"2010-03-24T18:35:21","modified_gmt":"2010-03-24T10:35:21","slug":"c-com-sees-sales-revenue-increase-net-profits-drop-over-currency-exchange","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/c-com-sees-sales-revenue-increase-net-profits-drop-over-currency-exchange\/","title":{"rendered":"C-Com Sees Sales Revenue Increase; Net Profits Drop over Currency  Exchange"},"content":{"rendered":"<p>[03-24-10] <strong>C-Com Satellite Systems<\/strong>\u2019 2009 revenues increased 1.7 percent to $9.1 million, the company announced in its 2009 year-end financial results, released March 23. <br \/>\n&nbsp;&nbsp;&nbsp; C-Com\u2019s working capital increased 20.6 percent to $7 million, compared to $5.9 million reported in 2008. The company said it remains free of long term debt, except for an accrual for future income tax payable due to expected future earnings.<br \/>\n&nbsp;&nbsp;&nbsp; \u201cWe believe that the revenue growth and profitability during fiscal year 2009 are directly attributable to the worldwide acceptance and corresponding increase in sales of our iNetVu Mobile auto-deploying antenna systems,\u201d C-Com President and CEO Leslie Klein said in a statement.<br \/>\n&nbsp;&nbsp;&nbsp; However, C-Com\u2019s net profit dropped to $1.3 million, a decrease of 47.2 percent compared with results from 2008 when total revenues were $9 million with a net profit of $2.5 million. The company said the reduction of net profit was due to a foreign exchange loss of $417,667 compared to a gain of $535,183 in 2008, caused by the strengthening of the Canadian dollar against the U.S. dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[03-24-10] C-Com Satellite Systems\u2019 2009 revenues increased 1.7 percent to $9.1 million, the company announced in its 2009 year-end financial results, released March 23. &nbsp;&nbsp;&nbsp; C-Com\u2019s working capital increased 20.6 percent to $7 million, compared to $5.9 million reported in 2008. The company said it remains free of long term debt, except for an accrual [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-87250","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/87250"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=87250"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/87250\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=87250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=87250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=87250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}