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ORAD Hi Tec Systems GmbH Takustraße 1-3 50825 Köln, Germany http://www.orad.tv
Contact Mr Dr. Sönke Knop +49 69 90550551
Company logo of ORAD Hi Tec Systems GmbH
ORAD Hi Tec Systems GmbH

Full year profit 2012 expected between USD 1.0 million and USD 1.2 million

Decrease of revenues and net loss expected for 4th Quarter 2012

(PresseBox) (Kfar-Saba, Israel, )
Orad Hi-Tec Systems Ltd. (ISIN IL0010838071; Symbol: OHT), a leading developer, marketer and distributor of state-of-the-art 3D real-time graphic, video servers, and MAM solutions for the broadcasting markets, experienced a decrease of revenues in the 4th quarter of 2012.

Orad is currently in the process of finalizing its financial statements of the financial year 2012. The financial statements will for the first time be set up pursuant to IFRS instead of US GAAP accounting rules.

Based on the information already available, Orad expects for the financial year 2012 a net profit of approximately USD 1.0 m to 1.2 m (IFRS),
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.