Quarter Profitability Enabled by the Performance of the Avionics Business
Summary
During this quarter, the optical communications business was impacted by a wait-and-see demand marked by trade tensions between the United States of America and China. However, this impact was partially offset by the increase in other activities of the custom products division which reflects the Groups ability to diversify its revenue sources in the face of an uncertain international environment. MEMSCAP’s consolidated earnings for the third quarter of 2019 are given within the following table: (Any apparent discrepancies in totals are due to rounding.) (1) Financial items stated in column Q1 2018, Q2 2018 et Q3 2018 were adjusted for restatements due to the application of IFRS 16, mandatory from January 1st, 2019. medical and optical communications segments as well as increasing the flexibility of its production capabilities.