Elec & Eltek International Company Limited provided earnings guidance for the year ended December 31, 2016. The board of directors of the company announced that the Group is expected to record a turnaround of a net profit of over approximately $10 million for the year ended December 31, 2016, from a loss attributable to owners of the company of approximately $4.8 million for the year ended December 31, 2015. The major factors attributable to the increase in net profit in the current period include the increased sales proportion of higher profit margin products arising from an adjustment in product mix allocation as disclosed in the 2016 Interim Report; and the increased profit margin of the products manufactured and sold by the Group.