9th Oct 2013 07:31
LONDON (Alliance News) - PeerTV PLC Wednesday said sales at its Digitek unit have risen almost 40% over the past three months and it swung to an operating profit excluding interest and depreciation for the fist time since early 2011.
The company said Digitek sales in the three months to end-September were 3.1 million New Israeli Shekels, and its order book stands at NIS7.3 million with letters of intend for a further NIS8 million of mass production sales.
"During September 2103 alone Digitek gained six new customers generating initial trial orders worth about NIS350,000," PeerTV said in a statement.
Digitek has been repositioned over the past year as an electronic assembly business in Israel, and has gained potential new customers including a domestic appliance manufacturer, a military equipment supplier and a multinational company involved in the marketing of consumer devices and food products.
PeerTV owns 70% of Digitek. Its shares were up 18.6% at 4.15 pence early Wednesday, one of the biggest rises on AIM.
By Steve McGrath; [email protected]; @SteveMcGrath1
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