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Examples
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Amnon Shemer, CFO of Eltek, added: "We were successful in keeping the increase in our cost of goods sold at a lower rate than the increase in revenues, and as a result our gross margins increased by 97% in the first six months of 2011 compared to 2010, and as a percentage of revenues, our gross margins increased from 12% to 20% respectively."
unknown title 2011
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The pace has picked up, with four listings since late June, including handbag maker Lee & Man Handbags , Singapore-based shipping company Courage Marine Group Ltd and circuit board maker Elec & Eltek International .
unknown title 2011
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In accordance with the outcome of the arbitration, Eltek will pay NOK 40 million for the shares including interest and costs, and an amount of NOK 31 million in excess of provisions already made by Eltek will be charged against equity in the balance sheet for the full year 2011.
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President and Chief Executive Officer of Eltek commented: I am pleased to report that Eltek's revenues increased 29% in the second quarter of 2011 compared with the same period in the previous year.
unknown title 2011
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Eltek is Israel's leading manufacturer of printed circuit boards, the core circuitry of most electronic devices.
unknown title 2011
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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.
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Eltek is listed on Oslo Stock Exchange and headquartered in Drammen, Norway.
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Eltek ASA: Arbitration award Eltek Valere Pakistan Eltek ASA has received the final award in an arbitration case related to the purchase of the minority shareholder's 49% shareholding in Eltek Valere Pakistan in 2010, reference made to note 6 in the Report third quarter 2011 for further information.
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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.
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Eltek's technologically advanced circuitry solutions are used in today's increasingly sophisticated and compact electronic products.
unknown title 2011
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