PresseBox
Press release BoxID: 157600 (ORAD Hi Tec Systems GmbH)
  • ORAD Hi Tec Systems GmbH
  • Takustraße 1-3
  • 50825 Köln
  • http://www.orad.tv
  • Contact person
  • Ehud Ben-Yair
  • +972 (9) 7676862

Orad releasing new record results in revenues and earnings. Net profit 2007 up by 170 percent to USD 1.7 million

(PresseBox) (Kfar Saba, Israel, ) Orad Hi-Tec Systems Ltd. (ISIN IL0010838071; Symbol: OHT), is a leading provider of TV production and virtual graphics solutions. For the third year running the company is reporting a considerable increase in revenues and earnings. Revenues in the financial year 2007 increased by 29 percent reaching USD 22.9 million against USD 17.7 million in 2006. The development of net profit was even more positive. In 2007 it climbed to USD 1.7 million after USD 0.6 million in the previous period, marking an increase of 170 percent. The gross earnings margin also increased in the period under review, up to 66 percent against 61 percent last year. In addition to that the level of liquid assets was improved even further. On the reporting date they amounted to USD 14 million. At the end of 2006 they were reported at USD 9.7 million.

In Q4 2007 there was a considerable increase in revenues of 49 percent to USD 6.9 million compared to USD 4.6 million in the previous period. Net profit was increased from USD 0.2 million in Q4 2006 to USD 0.7 million.The gross profit margin reached 63 and was in line with last year s 63.3 percent.

This significant increase in earnings can be attributed to penetrating the market in On-Air graphics systems as well as in expanding the company s footprint in the virtual studio segment. Orad is expecting to continue the successful trend in the current financial year.Please visit www.Orad.tv to view the full report.

ORAD Hi Tec Systems GmbH

Founded in 1993, Orad is a world leader in TV production technology and is rapidly increasing its position in the real time three dimensional graphic markets. Orad's product line includes virtual studios, on-air graphics systems, channel branding, virtual advertising, sports production solutions and hardware for the virtual reality industry. Orad is a publicly traded company on Frankfurt's Wertpapierbörse Prime Standard and currently on AIM, a market operated by the London Stock Exchange plc (symbol: OHT). www.orad.tv