Gilat turns around in Q2

(Satellite News via NewsEdge) Gilat Satellite Networks chalked up a net income of $2.1 million in the second quarter, turning around from a net loss of $1.1 million in the same period last year.

According to analysts, the company seems to be on the right track in its restructuring efforts, and that Gilat should be back on the path to revenue and EBITDA.

Second-quarter revenue was up $10 million to $61 million in the second quarter.

© 2006 Access Intelligence, LLC.

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