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Software | November 08, 2006

Valor report big increase in net profit

Israel based company Valor reports revenues of $9.2 million and net profits of $754 thousand in the third quarter of 2006.
Revenues in the third quarter of 2006 accumulated to $9.2 Million, the same as in Q3-05. Revenues
for the first nine months of 2006 were also similar to the revenues accumulated in the first nine
months of 2005 - $26.7 Million in 2006 vs. $26.9 Million in 2005.

The net profit in the third quarter of 2006 was $754 thousand – an increase of nearly 640% over the third quarter of 2005. The net profit in the first nine months of 2006 was $2.5 Million – more than twice the profit of the parallel period of the previous year.

EBIT in Q3-06 was $714 thousand - an increase of more than 10 times compared to $68 thousand in Q3-05. In the first nine months of 2006, EBIT was $2.1 Million – 133% more than in the parallel period of 2005.

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