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 increase in distribution and selling expenses to $7.2 million, driven by higher payroll-related costs and operational cost for its new subsidiary in Nigeria, which was set up in February, among other things.