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Satnews Daily
August 11th, 2009

Financially Speaking... Gilat Satellite Networks


Gilat Satellite Networks Ltd. (Nasdaq:GILT) has reported its results for the second quarter ending June 30th, 2009.

Revenues for the second quarter of 2009 were $56.0 million compared to $65.6 million for the same period of 2008. Net loss for the second quarter of 2009 was $1.2 million ($0.03) per diluted share compared to net income of $1.3 million or $0.03 per diluted share in the second quarter of 2008. Revenues for the six month period ended June 30, 2009 were $116.8 million compared to $136.1 million for the comparable period of 2008. Net loss for the six month period ended June 30, 2009 was $1 million or ($0.02) per diluted share compared to net income of $5.9 million or $0.14 per diluted share in the same period of 2008. To read the entire financial report, access this directly link.