TV weakness hurts Kudelski

Profits at Kudelski fell in the first half of 2017 as operator subscriber losses erroded revenues in its traditional digital TV business.

The Swiss tech and security company saw revenues increase by 12.5 per cent to $552 million, but profits decreased to $6.7 million. The increased revenues were down to a rise in US revenues helped by Kudelski security and public access.

Source: TV weakness hurts Kudelski