IQE’s revenues grew by 35% year-on-year during H120 to a record £89.9m, taking the group from a £1.9m adjusted operating loss in H119 to a £4.3m adjusted operating profit. We upgrade our FY20 estimates in line with management’s guidance. The resultant 15% revenue upgrade changes the outcome from a loss to £3.1m adjusted PBT.
08 Sep 2020
IQE - Record revenues in H120 despite pandemic
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IQE - Record revenues in H120 despite pandemic
IQE plc (IQE:LON) | 20.9 -0.1 (-2.8%) | Mkt Cap: 200.7m
- Published:
08 Sep 2020 -
Author:
Anne Margaret Crow -
Pages:
7
IQE’s revenues grew by 35% year-on-year during H120 to a record £89.9m, taking the group from a £1.9m adjusted operating loss in H119 to a £4.3m adjusted operating profit. We upgrade our FY20 estimates in line with management’s guidance. The resultant 15% revenue upgrade changes the outcome from a loss to £3.1m adjusted PBT.