2Q 2011 Financial Results NERATEL, Singapore
(Thomson Reuters ONE) -
NeraTel achieved revenue in the second quarter of SGD 35.8 million, compared to
SGD 38.0 million in the corresponding quarter last year. EBIT for the quarter
was SGD 2.9 million compared to SGD 4.0 million in in the second quarter 2010.
Net profit was SGD 2.5 million compared to SGD 3.0 million in the second quarter
2010.
For the first six months revenue was SGD 71.7 million, compared to SGD 71.0
million in 2010. EBIT was SGD 5.9 million compared to SGD 6.1 million in 2010.
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 through Eltek
Valere, and a regional supplier of transmission systems, satellite
communications and infocomm systems through Nera Telecommunications. The
Company reported revenue of NOK 4 billion in 2010, and has close to 2,700
employees in close to 40 countries. Following the divestment of Nera Networks,
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 834 million in 2010.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
NeraTel2Q2011:
http://hugin.info/86881/R/1532869/466854.pdf
This announcement is distributed by Thomson Reuters on behalf of
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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#1532869]
Unternehmensinformation / Kurzprofil:
Datum: 22.07.2011 - 11:44 Uhr
Sprache: Deutsch
News-ID 56636
Anzahl Zeichen: 2872
contact information:
Town:
Drammen
Kategorie:
Business News
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