PCB: A 23% jump in revenue in the quarter to $ 31 million – the capital market

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Which develops printed circuits controlled by the Pimi Fund (48%) reports revenue of approximately $ 31 million in the fourth quarter, a growth of 23.4% compared to revenue of approximately $ 25.3 million in the corresponding quarter. The increase in revenue is due to an increase in revenue in the military and medical markets.

Operating profit Amounted to $ 488,000, compared to an operating profit of $ 151,000 in the corresponding quarter.

The net loss Stood at about $ 198,000, compared to a net loss of $ 212,000 in the corresponding quarter.

Results for 2020
Total revenue was $ 118 million, an increase of 9% compared to revenue of about $ 108 million last year. Revenue from electronic ticket trainings amounted to approximately $ 63.6 million (54% of revenues), compared to approximately $ 57.7 thousand (53.6% of revenues) in 2019. Revenues from printed circuits amounted to approximately $ 54.2 million (46% of revenues) compared to approximately $ 50 million (46.4% of revenue) last year.

Operating profit Climbed 86% to $ 4 million, compared to operating income before other expenses of $ 2.1 million in 2019.

The net profit Jumped 106% to $ 3.3 million, compared to a net profit of $ 1.6 million in 2019.

PCB Technologies CEO Oved Shapira said: “During the year we showed a nice increase in revenue and continued our investment program in advanced manufacturing technologies and operational efficiencies that led to improved profitability rates. We feel the Corona crisis is behind us, and in light of the continuing recovery, we are re-examining investment and acquisition options in the US and Europe. “These acquisitions will allow us to enter attractive markets and help us acquire more customers, while utilizing the accumulated knowledge of Fissive.”