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Valor Has Record Q1 in 2008

Written by Philip Buonpastore
Monday, 12 May 2008
YAVNE, ISRAEL – Valor Computerized Systems announced its financial results for the period ending March 31, 2008. Revenues for the first quarter of 2008 were $10.7 Million, an increase of 3% over the first quarter of 2007. Net profit increased by 91% as compared to the fourth quarter of 2007, and by 67% as compared to the first quarter of 2007. EBITDA was $1.7 Million in the first quarter of 2008, an increase of 44% sequentially, and an increase of 16% year-over-year. BIT was $1.1 Million in the first quarter of 2008; nearly double the previous quarter, and 23% over the first quarter of 2007.

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