BVR Technologies announces Q3/2002 financial results
Israel’s BVR Technologies recorded a net loss for the three months ending September 30, 2002 reaching $1.06 million compared to a net loss of $1.59 million for the corresponding quarter of 2001. Basic loss per share for the three months ended September 30, 2002 was $0.11 compared to the basic loss per share of $0.16 for the third quarter of 2001.
The net loss for the three months ended September 30, 2002 was affected by BVR's equity share in the losses of three of its affiliates that amounted to $0.94 million, compared to $1.49 million loss in the corresponding quarter of 2001. The losses in the third quarter of 2002 were affected primarily by BVR's share in Unisfair loss and impairment of $0.3 million and in BrightCom loss of $0.57 million. — (menareport.com)
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