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© daimy-dreamstime.com PCB | November 28, 2013

Positive Q3 for Eltek

Israeli PCB manufacturer Eltek had a good third quarter. Revenues were up as well as gross profit and operating profit.
Revenues for the quarter ended September 30, 2013 were USD 12.8 million compared with revenues of USD 10.8 million recorded in the third quarter of 2012.

Gross profit for the third quarter of 2013 was USD 2.3 million (18.3% of revenues) compared with gross profit of USD 1.7 million (16.1% of revenues) in the third quarter of 2012.

Operating profit for the third quarter of 2013 was USD 735,000 compared to operating profit of USD 285,000 in the third quarter of 2012.

Net profit for the third quarter of 2013 was USD 585,000, compared to net profit of USD 135,000 in the third quarter of 2012.

First nine months of 2013:

Revenues for the nine-month period ended September 30, 2013 were USD 37.6 million compared to revenues of USD 34.3 million recorded in the first nine months of 2012.

Gross profit for the first nine months of 2013 was USD 6.2 million (16.6% of revenues) compared to gross profit of USD 6.0 million (17.4% of revenues) in the first nine months of 2012.

Operating profit for the first nine months of 2013 was USD 1.5 million similar to the operating profit of USD 1.5 million in the first nine months of 2012.

Net profit for the first nine months of 2013 was USD 1.1 million, compared with net profit of USD 1.0 million in the first nine months of 2012.

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