2008 Highlights
- Revenues decreased by 6% to $17.9m (2007: $19.0m)
- Gross profits down 24% to $6.4m (2007: $8.4m)
- Operating profit decreased by 76% to $0.9m (2007: $3.7m)
- Net Profit of $1m, representing EPS of 1.89c, a decrease 78% from previous year (2007: $4.6m, 8.63c).
- Net cash generated from continuing operations reached $1.2m; Net cash at the year end of $13.3m, equivalent to 17.9 pence per share;
- 2.2m shares (4.1%) of the company were bought for $0.92m as part of the buy back program announced in March 2008 – plan continues.
- Dividend of 1.16¢ per share (2007: 1.85¢)
- Indian facility became operational during the 4th quarter of 2008 and other cost-reduction measures in train
- First pending order for short range antenna “E Band” backhaul market (operating at 60-90GHz) received.
MTI Wireless Edge Ltd. is incorporated in Israel under the laws of Israel. Its head office is located in Israel. As the rights of the shareholders of MTI Wireless Edge are governed by Israeli law , they may differ from the rights of shareholders in an english incorporated company.
The information on this web site is disclosed pursuant to Rule 26 of the AIM Rules for Companies
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