Nordic Business Report-April 27, 2006-Elcoteq SE reports 3-month operating profit of EUR8.3m
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Helsinki-listed European electronics manufacturer Elcoteq SE, formerly Elcoteq Network Corporation, reported on Thursday (27 April) an operating profit of EUR8.3m on net sales of EUR981.1m for the financial quarter January-March 2006.
Operating profit for the three-month period decreased from EUR9.5m while net sales increased from EUR810.3m, as compared to the corresponding period in 2005.
Elcoteq estimated its second-quarter net sales to grow and the operating income to improve clearly from the first quarter.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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