Technical Communications: Slumps on swing to 2020 loss

Technical Communications

28/12/2020 15:13

** Shares of communications equipment maker  TCCO.O  fall
8.8% to $3.7 in morning trade  
    ** Company posts loss of 49 cents per share in 2020 compared
to a profit of 34 cents per share in 2019  urn:newsml:reuters.com:*:nGNXbxhlMy
    ** TCCO records revenue of $4.1 mln rev in 2020, a 41.6%
decrease from 2019
    ** The COVID-19 pandemic continues to delay several projects
that are in the pipeline - TCCO
    ** Stock down 27% this year 
    

 (Reporting by Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))