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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