Eltek ASA: Report second quarter 2012
(Thomson Reuters ONE) -
Eltek reported revenue of NOK 905 million for the continuing operations in the
power electronics market in the second quarter 2012, which was an increase of
six percent from the same quarter last year. Operating profit (EBIT) was NOK 67
million and profit before tax NOK 47 million for the continuing business in the
second quarter 2012.
Net profit from the continuing operations was NOK 38 million in the second
quarter 2012. Including Nera Telecommunications (NeraTel), which is treated as
discontinued operations in the Income Statement, net profit amounted to NOK 56
million. As announced on 6 July, 2012, the proposed sale of NeraTel was rejected
by a NeraTel shareholder meeting, and Eltek will evaluate its strategic options
for this investment.
Order entry in the continuing business was NOK 893 million in the second
quarter, an increase of five percent from the second quarter last year.
Eltek continued to see a relatively high level of activity in the telecom market
in the reporting period, and double-digit revenue growth within its Industrial
applications business.
For the first half year 2012, revenue increased by two percent to NOK 1,691
million, whereas order entry increased by five percent to NOK 1,740 million.
Operating profit (EBIT) amounted to NOK 93 million and profit before tax to NOK
54 million for the continuing business in the first half 2012. Net profit from
the continuing operations was NOK 44 million in the first half year, whereas net
profit including Nera Tel amounted to NOK 94 million.
Please find enclosed the interim report for the second quarter and first half
year 2012 on http://www.newsweb.no.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act).
2Q 2012 Financial Information Eltek:
http://hugin.info/86881/R/1627150/520732.xls
2Q 2012 Report Eltek:
http://hugin.info/86881/R/1627150/520731.pdf
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Source: Eltek ASA via Thomson Reuters ONE
[HUG#1627150]
Unternehmensinformation / Kurzprofil:
Datum: 17.07.2012 - 08:26 Uhr
Sprache: Deutsch
News-ID 165736
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contact information:
Town:
Drammen
Kategorie:
Business News
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