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PCB | March 16, 2006

Eltek returns to profitability

Israelian based PCB-producer Eltek Announces 2005 Fourth Quarter and Year End Results. The company returns to profitability in 2005. Annual net income increased to $1.1 million from a net loss of $1.3 million in 2004.

Sixth consecutive quarter of year-over-year revenue growth - revenues increase to $8.6 million in the fourth quarter, up 13%, with EPS $0.07 and EBITDA of $1.3 million. Q4 2005 operating income $616,000, up 79% from $344,000 in Q4 2004. 2005 operating income increased to $1.7 million from an operating loss of $838,000 in 2004. 2005 EBITDA increased to $4.2 million, up 87% from $2.3 million in 2004. Click here to read the full report (NASDAQ).
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