3Q 2010 Financial Results NERATEL, Singapore
(Thomson Reuters ONE) -
NeraTel achieved revenue in the third quarter of SGD 36.3 million, compared to
SGD 33.0 million in the corresponding quarter last year. EBIT for the quarter
was SGD 2.1 million compared to SGD 1.7 million in the third quarter 2009. Net
profit was 1.5 million compared to SGD 1.5 million in the third quarter 2009.
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 32 20 32 34
Eltek is a strategic technology partner within power solutions and microwave
radio transmission, through its three business units Eltek Valere, Nera Networks
and Nera Telecommunications. The company reported revenue of NOK 5.8 billion in
2009, and had close to 3,330 employees in more than 50 countries at the end of
the year. Eltek is listed on Oslo Stock Exchange and headquartered in Drammen,
Norway.
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 approximately 475 employees and
reported revenue of close to NOK 800 million in 2009.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1451600]
NeraTel 3Q 2010:
http://hugin.info/86881/R/1451600/392694.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
Unternehmensinformation / Kurzprofil:
Datum: 13.10.2010 - 12:54 Uhr
Sprache: Deutsch
News-ID 45365
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contact information:
Town:
Drammen
Kategorie:
Business News
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