Brief: Payton Planar Magnetics 9-Month Net Profit Up At USD 6,791 Thousand

Payton Planar Magnetics

25/11/2020 17:28

Nov 25 (Reuters) - Payton Planar Magnetics Ltd  PAPL.BR :
    * SALES REVENUES OF USD 30,806 THOUSAND FOR THE NINE-MONTH
PERIOD
ENDING SEPTEMBER 30, 2020
    * PAYTON PLANAR MAGNETICS LTD - ORDER BACKLOG OF GROUP AS OF
SEPTEMBER 30, 2020 WAS USD 15,240,000
    * GROSS PROFIT FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30,
2020
AMOUNTED USD 12,726 THOUSAND (41% OF SALES) COMPARED WITH USD
12,938 THOUSAND (45% OF SALES) YEAR AGO
    * TOTAL OPERATING INCOME FOR FIRST NINE-MONTH PERIOD 2020
AMOUNTED
TO USD 7,826 THOUSAND COMPARED TO USD 7,705 THOUSAND IN SAME
PERIOD LAST YEAR
    * CASH AND CASH EQUIVALENTS AND SHORT-TERM DEPOSITS AMOUNTED
TO A
TOTAL OF USD 42,253 THOUSAND AS AT SEPTEMBER 30, 2020 COMPARED
TO USD 33,841 THOUSAND AS AT DEC 31
    * ON COVID: ACTIVITY IN ALL GROUPS PRODUCTION LOCATIONS:
CHINA,
ISRAEL, PHILIPPINES, UK AND USA ARE WORKING ALMOST NORMALLY
    * WORLDWIDE COVID-19 EPIDEMIC WILL HAVE NO MAJOR IMPACT ON
GROUP’S
ACTIVITIES AND REGULAR COURSE OF BUSINESS WILL CONTINUE
    * 9-MONTH NET PROFIT OF USD 6,791 THOUSAND, COMPARED TO USD
6,673
THOUSAND YEAR AGO

Further company coverage:  PAPL.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))