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Kitron ASA (OSL:KIT) Revenue amounted to NOK 613.3 million in the second quarter of 2008, representing 20.1 per cent increase over the same period in 2007. Profit before tax was NOK 42.2 million in the quarter, which was twice the result in second quarter in 2007. Orders increased by 35 per cent compared to second quarter 2007. The order backlog is the highest since 2001.
Enclosed in pdf are the interim report and the presentation.
15 August 2008 Kitron ASA
Key items second quarter 2008 Figures in brackets refer to the second quarter of 2007 unless otherwise stated.
Strong order intake and order backlog The order intake in the quarter increased by 35 per cent to NOK 625 million (NOK 464 million). The order backlog at the end of the quarter was NOK 1 007 million (NOK 887 million).
Revenue growth (20.1 per cent) NOK 613.3 million in the quarter (NOK 510.5 million).
Increased operating profit EBITDA and EBIT were NOK 61.1 million (NOK 34.3 million) and NOK 48.7 million respectively (NOK 26.4 million).
Profit before tax doubled Profit before tax amounted to NOK 42.2 million (NOK 21.1 million), which reflects a margin of 6.9 per cent (4.1 per cent).
Stable cash flow from operations Cash flow from operations in the second quarter was NOK 51.6 million (NOK 53.4 million).
