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

(PresseBox) ( Kfar-Saba, Israel, )
Orad Hi-Tec Systems Limited (ISIN IL0010838071 Symbol:OHT), a world-leading provider of real-time broadcasting graphic solutions,is reporting for the fiscal year 2008 a considerable increase in revenues and earnings on a record level. Revenues increased by 39 percent to USD 31.9 million compared to USD 22.9 million in 2007. The development of net profit was even more positive and reached a new record level. Net profit climbed by 93 percent to USD 3.4 million after USD 1.8 million in the previous period. This is the fourth consecutive year of significant improvements. The gross margin also increased up to 68 percent against 66 percent last year. On the reporting date the liquid assets amounted to USD 14.8 million. Earnings per Share in 2008 nearly doubled to USD 0.31 compared to USD 0.16 in 2007.

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: rbraendle@edicto.de. 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.
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