PETACH-TIKVA, ISRAEL -- Eltek announced net profit for the third quarter rose 333% to $585,000. The company also set a revenue record for the period.
For the quarter ended Sept. 30, the printed circuit board fabricator said sales were $12.8 million, up from $10.8 million recorded in 2012. Gross profit was $2.3 million, up from $1.7 million a year ago. Operating profit was $735,000 compared to operating profit of $285,000 in the third quarter 2012. EBITDA was $1.2 million compared with $680,000 a year ago.."