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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cml Microsystems Plc | LSE:CML | London | Ordinary Share | GB0001602944 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.50 | 0.62% | 407.50 | 395.00 | 420.00 | 407.50 | 405.00 | 405.00 | 8,199 | 10:48:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electronic Components, Nec | 20.64M | 4.81M | 0.2978 | 13.68 | 65.83M |
TIDMCML
RNS Number : 2648U
CML Microsystems PLC
23 October 2017
23 October 2017
CML Microsystems Plc
(The "Company" or the "Group")
Half Year Trading Update
CML Microsystems Plc, which designs, manufactures and markets mixed-signal and Radio Frequency (RF) semiconductors, primarily for global communication and solid state storage markets, today issues the following trading update for the period from 1 April 2017 to 30 September 2017.
The Group's trading performance across the first six-month period has been pleasing. Gross revenue and draft operating results are in line with expectations and significantly ahead of the prior year corresponding period.
Following payment of a GBP1.2m dividend in August 2017 relating to the prior full financial year, Group cash reserves at 30 September 2017 were GBP12.7m.
The Company will publish its half year results for the period ended 30 September 2017 on Tuesday 21 November 2017.
The information contained within this announcement is deemed by the Group to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.
CML Microsystems Plc www.cmlmicroplc.com Chris Gurry, Group Managing Tel: +44(0)1621 875 Director 500 Neil Pritchard, Group Financial Director Cenkos Securities plc Tel: +44(0)20 7397 8900 Max Hartley (Corporate Finance) Russell Kerr (Sales) SP Angel Corporate Finance Tel: +44(0)203 463 2260 LLP Jeff Keating Alma PR Josh Royston Tel: +44 (0)7780 901979 Rebecca Sanders-Hewett Tel: +44 (0)7961 075844 Robyn Fisher Tel: +44 (0)7540 706191
About CML Microsystems PLC
CML designs and develops semiconductors for the industrial storage and communications markets. The Group utilises a combination of in-house and outsourced manufacturing and has trading operations in Europe, the Far East and USA. CML targets niche markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading telecoms equipment providers and industrial product manufacturers.
The spread of its customers and products largely protects the business from the cyclicality usually associated with the semiconductor industry. Growth in its end markets is being driven by factors such as the ever increasing trend towards solid state storage devices in the commercial and industrial sectors, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial communications networks for voice and/or data communications linked to the industrial internet of things (IIoT).
The Group is cash-generative, has no borrowings and is dividend paying.
This information is provided by RNS
The company news service from the London Stock Exchange
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October 23, 2017 02:00 ET (06:00 GMT)
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