RFIL - RF Industries Ltd. Message Board

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Microcap & Penny Stocks : RFIL - RF Industries Ltd.

RFIL 7.660

-1.4%

Oct 30 3:59 PM EDT

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To: Celtictrader who wrote (36)	11/1/2018 6:41:13 AM
From: Celtictrader	of 37

Positive news for RFIL. Divesting a small subsidiary for $4.2M in cash. “As a result of the Comnet sale, we expect to see improvement in both our gross margins and operating margins going forward, and the $4.2 million sale proceeds will increase our total cash available for inorganic growth and other strategic initiatives. Lastly, we continue to expect solid year-over-year growth in net sales and net income for both our fiscal fourth quarter and full fiscal year ending today, October 31, 2018.” Full PR: finance.yahoo.com

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