Eltek ASA: 1Q 2012 Financial Results NERATEL, Singapore
(Thomson Reuters ONE) -
NeraTel achieved revenue in the first quarter of SGD 43.5 million, compared to
SGD 35.9 million in the corresponding quarter last year. EBIT for the quarter
was SGD 7.9 million compared to SGD 3.0 million in in the first quarter 2011.
Net profit was SGD 6.5 million compared to SGD 2.3 million in the first quarter
2011.
Subject to certain conditions, Eltek in February 2012 entered into an agreement
to divest all its shares in NeraTel and is reporting NeraTel's result on one
line in the Eltek Group's Income Statement. Please also note that due to
different accounting principles Eltek will report different figures for NeraTel
in its Group results.
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 close to 2,900 employees in
close to 40 countries. Following the proposed 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 Attachment:
http://hugin.info/86881/R/1604063/507408.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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#1604063]
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 19.04.2012 - 06:31 Uhr
Sprache: Deutsch
News-ID 1105044
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Drammen
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 50 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Eltek ASA: 1Q 2012 Financial Results NERATEL, Singapore
"
steht unter der journalistisch-redaktionellen Verantwortung von
Eltek ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
