May 4, 2017 / 5:38 AM / 4 months ago

BRIEF-Teleste Q1 operating profit falls to EUR 0.2 mln

May 4 (Reuters) - TELESTE OYJ

* TELESTE INTERIM REPORT: OPERATING PROFIT DECREASED AS EXPECTED, ORDERS RECEIVED INCREASED

* Q1 ORDERS RECEIVED EUR 73.6 MILLION VERSUS EUR 59.3 MILLION YEAR AGO

* Q1 NET SALES EUR 60.9 MILLION VERSUS EUR 60.6 MILLION YEAR AGO

* Q1 OPERATING PROFIT EUR 0.2 MILLION VERSUS EUR 2.6 MILLION YEAR AGO

* ESTIMATE THAT NET SALES AND OPERATING PROFIT FOR 2017 WILL REMAIN BELOW 2016 LEVEL

* SEES NET SALES AND OPERATING PROFIT FOR 2017 TO REMAIN BELOW 2016 LEVEL, DUE TO LOW ORDER BACKLOG IN BEGINNING OF FINANCIAL PERIOD Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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