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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""longer run litho work had “now returned to the Far East”?
Is this happening a lot?"
"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
"Hello Keith,
The details will be in the administrators' report but that's not available yet. I will write a follow-up piece when that's filed.
Best regards,
Jo"
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