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INTERIM RESULTS H118
On 29th August Starcom reported revenue for the six months to 30th June 2018 of US$3.1m, +61% YoY. Gross margin improved from 38.2% in FY17 to 39.7%, driven by sales of higher margin hardware and SAS revenue +14.8%YoY. The contribution from lower-margin Helios products declined from 58% of hardware segment sales in FY17 to 34%, with higher margin products increasing: Watchlock from 6% to 23%; Kylos from 16% to 24%; Tetis, for shipping containers, at 19% (FY17: 20%).
14 Sep 18
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