YAVNE, ISRAEL – Orbotech Ltd., manufacturer of automated inspection equipment for circuit boards and flat panel displays posted a net profit of $5.3 million ($0.16 per share), compared with a net loss of $3.4 million ($0.10 per share) for the corresponding quarter of 2007.
 
The company posted $105.1 million revenue for the second quarter, up 18.6% on the $88.6 million for the corresponding quarter. Sales of equipment to the printed circuit board (PCB) industry totaled $34.5 million for the second quarter, down from $44.4 million for the corresponding quarter. Sales of flat panel display (FPD) inspection equipment more than doubled to $29.8 million from $11.2 million. Sales of equipment for assembled PCBs were unchanged at $7.5 million.
 
Sales of its FPD inspection equipment rose 166 percent to $29.8 million. Sales of equipment to the printed circuit board (PCB) industry fell 22 percent to $34.5 million, which reflected the continuing global economic uncertainty, impacting bare PCB customers' capital investment plans, the company said in a statement.
 

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