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Eltek Reports Full Year and Fourth Quarter 2020 Financial Results
Eltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced its financial results for the full year and fourth quarter ended December 31, 2020.
Eli Yaffe, Chief Executive Officer, commented, We are pleased with the growth in our revenues and profitability in the fourth quarter and the significant change in our full year results. The improved results reflect the growth in our revenues and the continued improved operating efficiencies.”
Eltek has managed successfully through the COVID pandemic in 2020 because of the following actions:
Eltek’s balance market sectors strategy enabled Eltek to mitigate the downturn in the commercial aerospace market through its involvement in the defence market and the medical devices market.
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