Brief: Payton Planar Magnetics End-sept Net Profit At $5.2 million

Payton Planar Magnetics

24/11/2021 17:56

Nov 24 (Reuters) - Payton Planar Magnetics Ltd  PAPL.BR :
    * ORDER BACKLOG AS OF SEPTEMBER 30, 2021 OF USD 28,220
THOUSAND
    * SALES REVENUES OF USD 29,185 THOUSAND FOR THE NINE-MONTH
PERIOD
ENDING  SEPTEMBER 30, 2021
    * END-SEPT NET PROFIT OF USD 5,210 THOUSAND
    * CURRENTLY, ALL PRODUCTION SITES ARE FULLY OPERATIONAL IN A
“CORONA ROUTINE”
    * GROSS PROFIT FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30,
2021
AMOUNTED USD  11,512 THOUSAND (39% OF SALES) COMPARED WITH USD
12,726 THOUSAND (41% OF SALES) YEAR AGO
    * CASH AND CASH EQUIVALENTS, SHORT-TERM DEPOSITS AND
MARKETABLE
SECURITIES AMOUNTED TO A TOTAL OF USD 37,427 THOUSAND AS AT
SEPTEMBER 30, 2021
    * TAX EXPENSES FOR THE FIRST NINE-MONTH OF 2021 TOTALED USD
1,070
THOUSAND, COMPARED TO USD  1,483 THOUSAND FOR THE NINE-MONTH
PERIOD THAT ENDED ON SEPTEMBER 30, 2020
    * MANAGEMENT ESTIMATES THAT MOST OF THE BACKLOG AS OF
30.9.2021
WILL BE SUPPLIED UNTIL  SEPTEMBER 30, 2022
    * TOTAL OPERATING INCOME FOR THE FIRST NINE-MONTH PERIOD OF
2021
AMOUNTED TO USD 6,389 THOUSAND  COMPARED TO USD 7,826 THOUSAND
IN THE SAME PERIOD LAST YEAR

Source text for Eikon:  ID:nBwl8XYca 
Further company coverage:  PAPL.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))