November 10, 2008, 5.52 pm (Singapore time)
Elec & Eltek's Q3 net profit up 52%, warns of weaker Q4
By ANGELA TAN
Elec & Eltek International Company Limited on Monday reported net profit for the third quarter ended September 30, 2008 rose 52 per cent from a year ago to US$12.23 million.
Revenue however slipped 6.3 per cent to US$141.21 million as the third quarter 'turned out to be a much slower period than what the managementoriginally expected'.
It closed the period with cash and cash equivalent of US$70.1 million.
Barring unforeseen circumstances, the group expects to maintain profitable results for the full calendar year 2008 and the December 2008 quarter.
' Nevertheless, the Directors expect the financial results for the December 2008 quarter would belower than the September 2008 quarter,' it warned.