NeraTel posts $2.8m net loss in FY2024

This is due to weaker revenue, market headwinds, and an impairment loss on assets under construction in a foreign subsidiary.

Nera Telecommunications Ltd (NeraTel) reported a net loss of $2.8m for FY2024, down by 51% from the $5.7m net profit recorded in the previous year.

The company attributed the decline to weaker revenue, market headwinds, and an impairment loss on assets under construction in a foreign subsidiary.

Total revenue for the year also fell 30.7% to $98.2m, down from $141.7m in FY2023. The drop was largely due to economic challenges, geopolitical tensions, and reduced contributions from the Service Provider (SP) and GTU divisions.

The SP division saw revenue decline to $62.6m (from $71.m), whilst the GTU division suffered a significant drop to $16.6m (from $53.4m).

The Enterprise (ENT) division, however, showed resilience, growing 10.8% to $19.1m, mainly driven by rising demand for cybersecurity services in the banking sector across Singapore and Indonesia.

Meanwhile, the firm maintained a strong balance sheet with $14.3m in cash and fixed deposits. Gross profit margins also saw a 2.8 percentage point increase, even though total gross profit dropped to $24.4m from $31.2m in the prior year.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia