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Innovation, expansion on foreign markets lift 77 Elektronika revenue

Hungarian medical diagnostic equipment maker 77 Elektronika's revenue rose almost 10% to HUF 9.3 billion in 2010, lifted by innovation and expansion on foreign markets, the company told MTI.

77 Elektronika delivers products it develops and makes to 72 countries around the world. Last year, big advances were made on markets in China and South America.

77 Elektronika declined to reveal its profits when asked by MTI.

Between 8% and 9% of profits are ploughed back into developments.

The company, which is wholly Hungarian owned, employs 320 people, including about 60 involved in research and development.