Site Search

DEUTSCH All Languages

Companies in the News

Eltek ASA (OSL:ELT) 3Q 2008 Financial Results NERATEL, Singapore

Eltek ASA (OSL:ELT) Nera Telecommunications LTD, Singapore, 50.1% owned by Eltek ASA, today publish their financial result for the third quarter 2008.

NeraTel achieved revenue in the third quarter of SGD 34.4 million, compared to SGD 44.1 million in the corresponding quarter last year. EBIT for the quarter was SGD 1.5 million compared to SGD 3.2 million in the third quarter 2007. Net profit was SGD 1.9 million compared to SGD 3.0 million in the third quarter 2007.

For the first nine months revenue was SGD 106.6 million, compared to SGD 122.0 million in 2007. EBIT was SGD 8.9 million compared to SGD 10.3 million in 2007.

Please note that due to different accounting principles Eltek will report different figures for NeraTel in its Group results, the main difference being amortization of intangible assets identified as part of the Purchase Price Allocation (PPA).

For further information, please contact: CFO Eltek ASA, Pål Skistad, tel: +47 32 20 32 34

The announcement from Nera Telecommunications is attached at http://www.newsweb.no

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

LINK: http://hugin.info/86881/R/1260322/275772.pdf
Eltek ASA

http://www.eltek.com

ISIN: NO0003109407

Stock Identifier: XOSL.ELT

US: Other OTC: EEKAF.PK

Verbundene Unternehmen

Kone Oyj

ABN Newswire Diese Seite wurde besucht: (letzten 7 Tagen: 4) (letzten 30 Tagen: 7) (seit Veröffentlichung: 544)