Eltek ASA: 2Q 2012 Financial Results NERATEL, Singapore
(Thomson Reuters ONE) -
NeraTel achieved revenue in the second quarter of SGD 41.7 million, compared to
SGD 35.8 million in the corresponding quarter last year. EBIT for the quarter
was SGD 3.9 million compared to SGD 2.9 million in in the second quarter 2011.
Net profit was SGD 3.3 million compared to SGD 2.5 million in the second quarter
2011.
For the first six months revenue was SGD 85.3 million, compared to SGD 71.7
million in 2011. EBIT was SGD 11.8 million compared to SGD 5.9 million in 2011.
Please note that due to different accounting principles Eltek will report
different figures for NeraTel in its Group results, the main difference being
amortization of intangible assets identified as part of the Purchase Price
Allocation (PPA), and different treatment of currency effects.
For further information, please contact:
CFO Eltek ASA, Pål Skistad, tel: +47 908 50 378
About Eltek ASA:
Eltek is a strategic technology partner within power solutions. The Company
reported revenue of NOK 3.6 billion in 2011, and has approximately 2,400
employees in close to 40 countries. Following the planned divestment of Nera
Telecommunications, Eltek focuses on its core business in telecom power and
power electronics solutions for industrial applications and renewable markets
such as solar power and electric vehicles. Eltek is listed on Oslo Stock
Exchange and headquartered in Drammen, Norway.
About NeraTel:
Nera Telecommunications offers radio transmission, satellite communications and
infocomm equipment and services to the Asian markets. Headquartered in
Singapore, NeraTel is 50.1 percent owned by Eltek ASA and separately listed on
the Singapore Stock Exchange. The company counts more than 500 employees and
reported revenue of NOK 758 million in 2011.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
NeraTel_2Q_attachment:
http://hugin.info/86881/R/1626809/520536.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Eltek ASA via Thomson Reuters ONE
[HUG#1626809]
Unternehmensinformation / Kurzprofil:
Datum: 14.07.2012 - 11:49 Uhr
Sprache: Deutsch
News-ID 165243
Anzahl Zeichen: 2757
contact information:
Town:
Drammen
Kategorie:
Business News
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