15 Sep 2015
Solid H1 paves the way for another good year
IQE’s interim results were largely flagged at the trading update in July. Revenue grew 2% to £53.2m (H1’14: £52.0m) with adjusted operating profit and fully diluted eps both up 5% at £6.7m and 0.9p respectively. Net debt improved to £31.1m. Customer forecasts are currently following normal second half patterns, leaving the group on course to meet our full year forecasts. Separately the group has announced an exclusive licence and option agreement to acquire Translucent Inc’s Compound Semiconduct ....
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Solid H1 paves the way for another good year
IQE plc (IQE:LON) | 29.4 -0.1 (-0.8%) | Mkt Cap: 282.7m
- Published:
15 Sep 2015 -
Author:
Oliver Knott -
Pages:
3
IQE’s interim results were largely flagged at the trading update in July. Revenue grew 2% to £53.2m (H1’14: £52.0m) with adjusted operating profit and fully diluted eps both up 5% at £6.7m and 0.9p respectively. Net debt improved to £31.1m. Customer forecasts are currently following normal second half patterns, leaving the group on course to meet our full year forecasts. Separately the group has announced an exclusive licence and option agreement to acquire Translucent Inc’s Compound Semiconduct ....