Aastra Record Record Revenues
Aastra Technologies Limited – (TSX: “AAH”) is pleased to report it generated record revenues in the fourth quarter and for the year ended December 31, 2008 as part of announcing its unaudited financial results for these periods.
Although net earnings in the fourth quarter were impacted by a non-cash asset impairment of certain long-lived assets and goodwill aggregating to $14.1 million and restructuring costs aggregating to $11.3 million, Aastra is pleased to report its 43rd consecutive quarter of profitability this quarter. Excluding these charges, Aastra’s fourth quarter operating results reflect a marked improvement from previous quarters in 2008 as Aastra prepares to face the difficult economic environment ahead in 2009.