Telit Announced 17.3% Increase in Revenue, Net Profit Jumped 179%

Telit Communications PLC (AIM: TCM), a worldwide supplier of M2M communication modules announced a 17.3 percent growth in revenue to $243.2 million for the full year 2013.

Operating profit increased by 139% to $14.1 million (2012: $5.9 million) and net profit for the year increased by 179% to $10.9 million (2012: $3….