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5% decline in revenues. The company's third quarter net loss was euro 7.76 million or euro 0.
01 per share, compared to profit of euro 21.31 million or euro 0.03 per share a year ago.
During the quarter, net sales declined 11.5% to euro 219.32 million from euro 247.
91 million last year, mainly due to strong price pressure in wireless. The company's revenues from the Asian region was euro 39.8 million, up from euro 39.
2 million a year earlier. For Americas, the company reported revenues of euro 61.0 million, compared to euro 75.
4 million last year. For the quarter, gross margin decreased to 26.7% from 33.
4% a year ago, due to lower margins in all business segments. The operating loss for the quarter was euro 2.72 million, compared to a profit of euro 21.
26 million. The nine-month period net income fell to euro 14.19 million or euro 0.
03 per share from euro 50.98 million or euro 0.08 per share last year.
Net sales for the period increased to euro 696.92 million from euro 677.17 million in the previous year.
GEMP closed Wednesday's regular trading session at $3.288, down $0.012, on a volume of 2,300 shares.
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