PETACH-TIKVA, ISRAEL – Eltek Ltd. has announced its third-quarter results. Operating income was reported at $319,000. The increase has been attributed to a 40% increase in revenues and more efficient use of raw materials.
 
Third-quarter revenues came in at $12.3 million, marking a 40% increase from 2007. The gross profit nearly doubled to $2 million, and the gross profit margin was almost 17%. Eltek also reduced its net loss to $21,000, a substantial difference when compared to last year’s figure of $223,000. EBITDA for the quarter was reported at $849,000
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