TAT Technologies, Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2012; Appoints Zeev Birnboim as Chairman of the Board of Directors, Expected to Be Held by the End of June
For the year, the company reported revenues of $87,922,000 against $85,397,000 a year ago. Operating income was $4,601,000 against operating loss of $1,590,000 a year ago. Income before income taxes was $4,420,000 against loss before income taxes of $1,730,000 a year ago. Net loss attributable to company was $1,483,000 against $1,030,000 a year ago. Basic and diluted net loss per share was $0.17 against $0.12 a year ago.
At a meeting of the Board of Directors of the company held on March 19, 2013, Mr. Zeev Birnboim was elected as the new Chairman of the Board of Directors, to serve in such capacity until the 2013 Annual General Meeting of the company, expected to be held by the end of June.