Orad 2008 with earnings on a record level: Net profit up by 93 percent to USD 3.4 million
Revenues increased 39 percent to USD 31.9 million
Revenues for Q4-2008 increased by 16 percent to USD 8 million after USD 6.9 million in Q4- 2007. Net profit climbed to USD 0.8 million against USD 0.7 million in Q4-2007. In the Onair graphics segment Orad continues to grow with new orders from Deutsche Welle in Germany, CCTV from China, TV record from Brazil and Czech TV.
2009 is going to be a challenging year to the whole industry. Orad is stronger then ever and certain to cross the crisis successfully.
The company will handle a conference call inviting the Press and Institutional Investors on Monday the 23rd, 12:00 Germany time. The financial report 2008 will be presented by Ehud Ben-Yair, CFO Orad Hi-Tec Systems.
To participate in the conference call please contact Dr. Rainer Brändle, edicto GmbH, Tel: +49 (69) 90550550, email: firstname.lastname@example.org. You will get a free dial-in-number.
The complete financial report can be downloaded from the Investor Relations Section on the corporate website: www.orad.tv.
About ORAD Hi Tec Systems GmbH
Orad Hi-Tec Systems is a world leading provider of real time 3D broadcast graphics solutions, including; news, channel branding, sports production and enhancement, special events and elections, virtual studios, and virtual advertisement. Orad's compelling solutions streamline production workflow, enhance viewer experience and improve production value. Founded in 1993, Orad is a public company listed In the Prime Standard on the Frankfurt Stock Exchange (OHT). For more information, visit www.orad.tv