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Stock impact report

Eltek Reports Full Year and Fourth Quarter 2019 Financial Results

Eltek Ltd. - Ordinary Shares (ELTK) 
US:NASDAQ Investor Relations: eleceltek.com/en/financial.php?tid=5
Company Research Source: PR Newswire
Revenues of $34.8 million in 2019 compared to $33.9 million in 2018 Net profit of $1.8 million in 2019 compared to a net loss of $2.6 million in 2018 Revenues of $8.6 million in the fourth quarter of 2019 compared to $7.8 million in the fourth quarter of 2018 Net profit of $370,000 in the fourth quarter of 2019 compared to a net loss of $631,000 in the fourth quarter of 2018 PETACH-TIKVA, Israel, April 27, 2020 /PRNewswire/ --  Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today its financial results for the full year and fourth quarter ended December 31, 2019.Mr. Eli Yaffe, Chief Executive Officer, commented: "We are pleased with the growth in our revenues and profitability in the fourth quarter and the significant change in our full year results. The improved results reflect the implementation of our previously announced turnaround plan.""The outbreak and spread of the Coronaviru Show less Read more
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