Payton Planar Magnetics Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales revenues of USD 6,185,000 against USD 5,295,000 a year ago. The increase in sales resulted mainly from a ramp up in some maturing projects.

Operating income was USD 864,000 against USD 290,000 a year ago. Profit before income taxes was USD 781,000 against USD 279,000 a year ago. Profit for the period was USD 603,000 or USD 0.03 per basic share against USD 229,000 or USD 0.01 per basic share a year ago.

Cash flows generated from operating activities were USD 1,067,000 against USD 398,000 a year ago. Investment in fixed assets was USD 843,000 against USD 123,000 a year ago. The increase in this cash flows resulted mostly from the increase in the net profit as well as from other changes, in trade accounts receivable and in trade payables.