Business
Interim Results
Interim Results.
About this update from Cml Microsystems Plc
[{"type":"text","content":"\n RNS Number : 8147I CML Microsystems PLC 25 November 2008 \n \n 25 November 2008\n\nCML MICROSYSTEMS Plc\n\nINTERIM RESULTS\n\n\nCML Microsystems Plc ('CML'), which designs, manufactures and markets a broad range of integrated circuits, primarily for global communication and data storage markets, announces its Interim Results for the half year ended 30 September 2008. CML has operations in the UK, Germany, the US, Singapore, China and Taiwan.\n\nCommenting on the results, George Gurry, Chairman said:\n'The results for the opening six-month period of the current trading year reflect the unexpected downturn in demand that became evident across many Group markets during closing months.\n\n'My earlier expectations that the results for this period would provide clear evidence of a continuing improvement in the Group's performance have been negated by the constraints on expenditure and product investment adopted by customers' following recent global financial concerns.'\n\nFinancial Highlights\n\n\n\nTurnover of £8.23m (2007: £8.49m)\n\n\nLoss before tax of £1.3m (2007: Loss of £1.1m)\n\n\nLoss per share of 11.21p (2007: Loss of 8.90p)\n\n\nCash in bank and at hand of £1.84m\n\n\n\nRegarding prospects, George Gurry, Chairman said: \n'Your board believes that the recent shortfall in expected sales and the broad customer and financial situations that rule will make progress in the second half difficult to achieve. Steps to reduce the Group's operating costs have commenced but are not expected to show benefit to this year's results.'\n\nEnquiries:\n\n\n\n\n\nCML Microsystems Plc\n\n\nwww.cmlmicroplc.com\n\n\n\n\nNigel Clark, Financial Director\n\n\n020 7479 7933 (today)\n\n\n\n\nChris Gurry, Managing Director\n\n\n01621 875 500 (thereafter)\n\n\n\n\n\n\n\n\n\n\n\n\nParkgreen Communications Ltd\n\n\n020 7479 7933\n\n\n\n\nPaul McManus\n\n\n07980 541 893\n\n\n\n\n \n Chairman's Statement\n\nThe results for the opening six-month period of the current trading year reflect the unexpected downturn in demand that became evident across many Group markets during closing months.\n\nM...