Elec & Eltek expects its annual turnover down 15% to June

Elec & Eltek International(0033) predicted that its annual turnover to June, 2001 would decreased by 15% compared with the last fiscal year.Chung Tai Keung Canice, administrative controller of Elec & Eltek said the company predicted its turnover would retreat mainly because the demands of America and Europe declined and the  price of the printing circuit board dropped 5% to 10% compared with one year earlier.  

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