Eltek Ltd. (ELTK)

[midastouch017]

Eltek's 1st-quarter net triples on 26% higher revenue

By Robert Daniel
Last Update: 7:56 AM ET Jun 6, 2006


NEW YORK (MarketWatch) -- Eltek Ltd., (ELTK : eltek ltd ord
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Last: 4.20-0.10-2.33%

8:17am 06/06/2006

the Petach Tikva, Israel, manufacturer of printed-circuit boards, reported that first-quarter net income more than tripled on 26% higher revenue. Net income reached 2.9 million shekels, or 0.41 shekel a share, from 839,000 shekels, or 0.13, in the year-earlier period. In dollar terms, the figures are $613,000, or 9 cents a share, against $179,000, or 3 cents, in first-quarter 2005. Revenue reached 43.4 million shekels ($9.3 million) from 34.4 million. Both new clients and repeat business from existing customers contributed to the revenue rise, Eltek said. On Monday, Eltek's shares fell a dime, or 2.3%, to $4.20.

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