BILLINGSTAD, NORWAY – Kitron's revenue was NOK 442.9 million ($77.1 million) in the fourth quarter, down 2.7% year-over-year.

EBIT was NOK 4.5 million, compared to a loss of NOK 13.6 million in the same period of 2010. Profit before tax and discontinued operations was NOK 1 million, compared to a loss of NOK 18.8 million in the fourth quarter of the prior year.

Orders for the quarter amounted to NOK 421.4 million, and the order backlog was NOK 799.3 million, a decrease of 4.9% and 4.4%, respectively.

Kitron is an electronics manufacturing services firm serving the defense, energy/telecom, medical equipment, and offshore/marine sectors.

NOK 1 = US$0.1741