Telematics International Inc has reported a fourth quarter net loss of $6.4m, struck after charges of $1.2m from write-down of an investment, against a profit last time of $1.1m, on turnover that fell 10.6% at $17.9m; net losses of $7.4m were reported for the year to December 31, after $3.5m in charges for writedown of investments, up from a loss last time of $7.1m on turnover that rose 3.7% to $66.7m.
