Elec & Eltek: For 3Q, Revenue at US$159m improved yoy 33.3%. Net profit rose 51.5% yoy to US$21.4m. Comparing on a qoq basis, revenue was up marginally at 2.4% and costs of sales rose 5.2% resulting in a lower net profit, down 11%. Recovery from previous year due to economic environment, operating efficiencies and improved sales mix…
Sales mix driven by demand for High Density Interconnect (HDI) printed circuit boards (PCBs) up to 10.0% from 7.9% of share or revenue in same quarter prev yr. EPS of 11.5 US cents, on track for est EPS of 0.45, YTD EPS of 0.35 as of 3Q…
Growth expected to subside on major US tech companies giving mixed signals for the December quarter, to remain cautious on growth in 4Q. Going forward, to expect HDI PCBs share of revenue to grow through increased capacity and new order flows in China. Stable margins will be dependent on price of copper.
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