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DGAP-Ad hoc: Advanced Vision Tech. english = - 500 Beiträge pro Seite


ISIN: IL0010837248 | WKN: 931340
14,245
18.05.17
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Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------

AVT publishes results for the first half of 2001

Revenues $ 4.7 million, operating loss $ 3.6 million, order booking increased from $ 5.5 million to $ 5.9 million

Hod-Hasharon, Israel, August 2001- Advanced Vision Technology, Ltd. (Neuer Markt: VSJ, Security No. 931 340), the world`s leading provider of automated optical inspection systems for the printing industry, announces today its figures for the first half of 2001.

Total revenues decreased from $6.209 million to $4.683 million in the first half of 2000 and 2001 respectively, while an overall operating loss of $3.6 million was incurred. Against the slowdown-taking place in the world economy however, orders for AVT systems increased from $5.5 million in H1 2000 to $5.9 in the first half of 2001 compared with the same period for 2000.

Despite the difficult world economy conditions, AVT took the decision to increase gross research and development expenses by 29.6% to $1.836 million during H1 2001 in order to bring new products to the market sooner - notably in the label and commercial printing sectors.

With over $35 million in cash, AVT has the financial strength to weather current economic conditions, while continuing to invest in the development of new products that will fuel future growth.

For further information, visit http://www.avt-inc.com or contact:

AVT Kirchhoff Consult AG Zev Morgenstern Ulla Erdmann Tel.: +972 9 761 44 80 Tel.: +49 (0)40 609 186 34 Fax: +972 9 761 45 01 Fax: +49 (0)40 609 186 71 E-mail: zevm@avt-inc.com E-mail: ulla.erdmann@kirchhoff.de

end of ad hoc announcement (c) DGAP 01.08.2001 -------------------------------------------------------------------------------- WKN: 931340; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Stuttgart, München, Berlin, Bremen, Hamburg, Düsseldorf, Hannover

010801 Aug 01



Autor: DGAP import (),08:03 01.08.2001



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