BILLINGSTAD, NORWAY – Electronics manufacturing services firm Kitron reported third-quarter 2011 revenue of NOK 352.7 million, up a slight 0.2% year-over-year.

Earnings before interest and tax were NOK 9.2 million, down 17.8% compared to the same period last year.

Net income for the quarter was NOK 5.6 million, up 11.4% year-over-year.

New orders accounted for NOK 391.6 million, and the backlog was NOK 820.8 million, up 17.2% and down 3.2% respectively.

The company opened a factory in China in September. Production has begun, and strong growth is expected during the next 12 to 18 months.

US$1 = NOK 5.4141

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