Gilat Reports Increased Revenues, Net Loss For 1Q04

Gilat Satellite Networks Ltd. [GILTF] today reported revenues of $57.4 million earned during the first quarter of this year, up 12 percent from the $51.1 million earned during the same period one year ago. However, the company reported a net loss for the quarter of $6.5 million, compared to net income of $150.2 million earned in 1Q03.

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Gilat Reports Increased Revenues, Net Loss For 1Q04

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