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Technology / AI and automation

COMPANY RESULTS

Madge Networks NV has reported fourth quarter net losses of $34.7m, against profits of $4.9m last time, on turnover up 43.3% at $126.3m; net losses for the year to Decembr 31 were $2.0m, against $25.3m profits last time, on turnover that rose 41.9% to $427.4m. The UK-registered, Netherlands-based company reports its figures in US dollars.

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