Global Telecom turns to profitability in 2015

Global Telecom Holding (GTHE) posted consolidated net profit of $ 9.8 million against incurring net loss of $444.3 million a year earlier, according to financial year eneded in December 2015.

Furthermore, it posted standalone net profit of $ 2.374 billion against incurring net loss of $ 695.4 million a year earlier.

Moreover, the company’s unaudited financial results show that its profits have declined by 86% during the last quarter of 2015.