Eltek Posts Record Q2 Revenues Up 7.8% | Print |  E-mail
Written by Chelsey Drysdale   
Thursday, 29 August 2013 15:58

PETACH-TIKVA, ISRAELEltek Ltd. reported record second-quarter revenues of $12.4 million, up 7.8% year-over-year.

Net Profit for the period ended June 30 was $339,000, down 3.4% compared to the same quarter of 2012.

Operating Profit was $491,000, up 5.6% year-over-year.

Revenues for the first six months of 2013 were $24.8 million, an increase of 5.5% year-over-year.

Net profit for the six-month period was $465,000, a decrease of 47% compared to the first half of last year.

Operating profit was $721,000, down nearly 40% year-over-year.

“For three consecutive quarters, Eltek has seen growing demand from its current customer base, but production capacity constraints prevented the full exploitation of this potential,” said Arieh Reichart, president and CEO of Eltek.

The firm manufactures flex-rigid circuitry solutions.

 

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