Elnik cooks up 42pc income boost for first three quarters

American MIM furnace builder Elnik Systems provided the major income stream for its German-based parent company PVA TePla Group in the first nine months of this year.

In a statement the PVA Group said: "The PVA TePla Group achieved a substantial improvement in Group revenues to e36.3 million in the first nine months of 2005, compared to e30.7 million in Q1-3/2004, thus affirming the encouraging progress noted the previous quarter.

"The Vacuum Systems division again accounted for the major share of Group revenues, or e24.3 million, exceeding the Q1-Q3/2004 figure (e17.1 million) by 42 per cent."

However, the statement went on, gross profit for the year to date, at e8.6 million, is slightly lower than the 2004 figure (e8.8 million).
The difference is mainly due to lower sales volume in the high-margin Plasma Systems division.

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