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Eltek’s Q4 Revenue Up 14.6%

Published: 03 April 2012
 by Staff

PETACH TIKVA, ISRAEL – Printed circuit board manufacturer Eltek Ltd. reported total revenue rose 14.6% to $11.47 million year-over-year in the fourth quarter.

Net profit was $228,000, compared to a net loss of $655,000 in the prior year.

Adjusted net income for the quarter was $868,000, compared to an adjusted net loss of $14,000 in the fourth quarter of 2010.

 “The improvements we implemented at the end of 2010 in our manufacturing processes expanded our capacity by approximately 30%,” said Eltek's president and CEO Arieh Reichart.

The firm has received a frame order of $2.1 million for PCBs from a US medical equipment customer for delivery in 2012 and 2013.

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