The company expects to report a net loss of around 530,000 ($750,000) on revenues of 20m. Net income excluding one-time charges would be 105,000, it said.
But chief executive Erez Shachar said that during 2002 NUR anticipated the continuation of the migration from conventional print technologies to wide-format digital printers.
The news came as it completed a 5m private placement with the Investment Corp of United Mizrahi Bank (UMB) to buy NUR ordinary shares.
Arie Zief, chairman of the Investment Corp of UMB, said: "We respect the strong leadership shown by NURs management during these difficult economic times."
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"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
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