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Nera Telecom's Q3 profit falls 42.1% as costs soar

NERA Telecommunications' net profit for the third quarter ended Sept 30 fell 42.1 per cent to $3.3 million from $5.7 million a year ago, as operating expenses soared. The group eked out a 4 per cent gain in turnover to $50.1 million. Even so, the increase was overwhelmed by a 23.7 per cent