Technology

Tandberg Reports 3Q Results

10/18/2006 8:30 AM Eastern

Tandberg Television posted third-quarter revenue of $80.7 million, up 9% from $74.4 million in the year-ago period.

The vendor said its operating profit was $9.2 million, down from $15.1 million in the third quarter of 2005.

Pretax profits before associate company results totaled $9.3 million, down from $16.3 million in the previous-year quarter. However, Tandberg posted a one-off net gain of $7.1 million from the sale and write-down of associate companies during the current-year period, boosting full pretax profits to $16.4 million.

September