Oct 14 (Reuters) - Canada’s Mitec Telecom Inc posted a wider quarterly loss, hurt by reduced sales at its wireless and VSAT divisions.
The Montreal-based mobile wireless products maker reported a first-quarter net loss of C$1.7 million, or 1 Canadian cent a share, compared with a loss of C$ 1.3 million, or 1 Canadian cent a share, last year.
Revenue fell 38 percent to C$1.6 million.
Shares of Mitec closed at 2 Canadian cents on Friday on the Toronto Stock Exchange. (Reporting by Ankur Banerjee in Bangalore; Editing by Maju Samuel)