Company
Astigi
+0.49%
Base:2,656
opening:2,614
High:2,899
low:2,599
change:171,366
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Which specializes in importing electronic components to technology companies, received orders through a subsidiary to increase the volume of contracts with a strategic customer by $ 15 million, while initially the deal was only $ 1 million.
The company is in the final stages of developing the products that are expected to be included in the new contract, which are expected to be provided for a period of 3 years until the end of 2025. This is actually an additional sales of about $ 5 million per year, about NIS 16-18 million. Its sales stand at about NIS 100 million a year.
This is a significant jump in activity, and according to the company, the customer’s expression of confidence in its ability to provide unique solutions at the forefront of security technology, along with a small number of suppliers around the world.
Astigi is traded on the stock exchange at a value of NIS 115 million, with a profit of NIS 6 million last year, ie a profit multiplier of about 17.
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