Nera Telecommunication reported Q4 results which saw them going lower 5.3% on its revenue QoQ but an impressive 14.5% increase YoY due to higher turnover from the Telecom and Infocomm business segments. Operating expenses increase slightly YoY due to the higher payroll and admin charges. This resulted in a 25.3% Gross profit margin increase YoY from $44.6m to $55.9m.

For the full year ended 31 December 2012, the company has announced a dividend of 4 cents, payable to the shareholders in May. This translates to 6.7% yield based on the latest closing price of $0.59.

The best thing about Neratel is it is a cash cow company. It's cash and cash equivalent amounted to $43.7M while trade receivables amounted $56.1M out of a total $128M of current assets. Based on last year similar 4 cents payout, the company paid out approximately $14.5M ...