Brief: RF Industries Sells Comnet Telecom Supply Unit To Rap Acquisition

RF Industries

31/10/2018 20:40

Oct 31 (Reuters) - RF Industries Ltd  RFIL.O :
    * RF INDUSTRIES LTD -  HAS SOLD ITS COMNET TELECOM SUPPLY
INC
SUBSIDIARY TO RAP ACQUISITION INC FOR $4.2 MILLION IN CASH
    * RF INDUSTRIES LTD - AS A RESULT OF TRANSACTION, COMNET'S
BUSINESS WILL BE REPORTED AS A DISCONTINUED OPERATION GOING
FORWARD
    * RF INDUSTRIES LTD - CONTINUE TO EXPECT SOLID
YEAR-OVER-YEAR
GROWTH IN NET SALES AND NET INCOME FOR BOTH OUR FISCAL Q4 AND
FULL FISCAL YEAR ENDING TODAY, OCTOBER 31, 2018
    * RF INDUSTRIES LTD - AS A RESULT OF TRANSACTION, COMNET'S
BUSINESS WILL BE REPORTED AS A DISCONTINUED OPERATION GOING
FORWARD

Source text for Eikon:  ID:nGNX1TW0Rq 
Further company coverage:  RFIL.O 

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