Hytera announces excellent 2018 financial performance
Hytera’s Communications Corporation Ltd have published their financial performance up until the end of Q3 2018, reaffirming their dominant position and consistent growth in the PMR market.
In the first three quarters of 2018, Hytera reported operational income of ¥4.53 billion (a 42.77% year-on-year increase), with ¥131.44 million of net profit attributable to shareholders (up 155.76% on the previous year’s period). In the third quarter alone, operating income was ¥1.48 billion and net profit was ¥123.58 million (year-on-year increases of 10.73% and 274.36% respectively).
2018 has seen the PMR industry firmly shift its attention to critical communications, and Hytera has committed to driving the market forward by introducing body-worn cameras, convergence and push-to-talk over cellular products into an already comprehensive product line-up. Commenting on 2018’s results to date, Hytera attributed their excellent performance to “continued focus on customer value, technology innovation and sustainable growth”. Syndico’s Managing Director, Andrew Wilson, responded to the news by saying “these are amazing results from an amazing company and team of dedicated people. I’m so pleased and proud that Syndico is playing a tiny part in this enormous success story”.