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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Unencumbered assets that weren't on the Reflections books, I believe.
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Jo"
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