In the third quarter of 2017 the company recorded revenues of $55.8 million, a decrease of 7.8% over the corresponding period in 2016 ($60.5 million). Revenues for the recurrent managed services increased over 2016 but the company did not realize any major projects in this quarter which would have boosted revenues.
Expenses for the period were $51.4 million, a decrease of 3.0% over 2016 ($53.0 million). The decrease being
due largely to the higher cost of goods sold in 2016 associated with the sale of a PBX system. Net Profit (Total Comprehensive Income) for the period was $6.7 million, a decrease of 22.1% over 2016 ($8.6 million).