Feb 27 British telecoms testing company Spirent
Communications Plc reported a 64 percent fall in
full-year profit, hurt mainly by contract delays from some major
equipment makers in the United States.
Spirent, which tests ethernet networks and 3G and 4G
wireless networks and devices, said it expected high
single-digit percentage growth in organic revenue in 2014.
Profit before tax fell to $39.1 million for the year ended
Dec. 31, 2013 from $108.4 million a year earlier.
Revenue fell 12 percent to $413.5 million.
Spirent's shares closed at 105.4 pence on Wednesday on the
London Stock Exchange.