Saturday, 24 August 2019 05:19 GMT

LightwaveRF's shares rise

(MENAFN) The price of stocks in AIM-listed home automation specialist LightwaveRF rose 5.2 percent to 8.55petcent after it announced a 67percent development in income for the three months ended 30th June.

Revenues for the first nine months of the company"s financial year were now 98 percent greater throughout the comparable period of 2019 as said by the Management.

Chief executive Jason Elliot said that, since he joined the Company a year before, Lightwave has made considerable growth, in addition to continuing the strong sales growth; they had in place a number of further initiatives to keep this momentum.

He also said that, the lately announced Tech Data distribution agreement for Europe and joint marketing with Google sustained to position the Company for its full year profits to more than double last year"s 2.8 million pound.


LightwaveRF's shares rise


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