TomTom reports Q1 net loss of USD4.9 million on lower sales
Reconfirms full-year financial outlook
TomTom has reported net loss of EUR4.6 million (USD4.9 million as on 31 March 2017) in the first quarter ended 31 March 2017 compared to net profit of EUR4.8 million in the same period a year earlier, the Netherlands-based navigation supplier said in a press release on 19 April. The company recorded higher year-over-year (y/y) operating loss in the first quarter, of EUR4.9 million, compared with loss of EUR4.3 million in 2016.
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