Telsys Ltd.TASE: TLSY

TLSY: Revenue and profit dropped sharply as customers drew down inventories; full Variscite ownership achieved

· Issued by Telsys Ltd.

Revenue fell 30% year-over-year to ₪295 million due to high customer inventories and lower demand, with net income and cash flow also declining. The company completed a share swap for full Variscite ownership and distributed significant dividends.

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