| Kitron's Sales Sky |
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| Written by Mike Buetow | |||
| Wednesday, 12 November 2008 04:28 | |||
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BILLINGSTAD, NORWAY -- Kitron, a top 50 global electronics manufacturing services company, reported third-quarter revenue of NOK 483.7 million, up 24% over 2007. The net profit rose nearly 14 times to NOK 95,000. On Oct. 24, the company had preannounced a third-quarter sales gain of 23%. For the quarter, pre-tax profits more than tripled to NOK 29.3 million, while orders rose 52% to NOK 578 million (NOK 380 million). Gross margins were 38.8%. At quarter's end, the backlog was NOK 1.1 billion. Cash flow from operations was NOK 27.8 million. Kitron primarily supplies to the defense, data/telecom, industrial and marine markets. Ed.: 1 NOK = 0.142021 USD tags: Contract assembly, EMS, SMT, PCB, printed circuit board
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