Search Share Prices
CML Microsystems sees 'pleasing performance' in second half
Semiconductors manufacturer CML Microsystems delivered a "pleasing performance" throughout the second half of its trading year that helped push full-year revenue and profitability ahead of the previous year.
In a trading update covering the six months leading to 31 March, CML saw revenues come close to £31.7m and pre-tax profits of roughly £4.6m, up 14% and 9%, respectively.
Following the payment of its maiden interim dividend of 2.0p per ordinary share in December, CML had a net cash balance of £13.8m at the end of the period, up 10% on the year before.
CML was set to reveal a more detailed performance analysis of the company as part of its full-year preliminary results on 12 June.
As of 1420 BST, CML shares had lost 2.20% to 555p.