IQE’s final results last week highlighted the increased diversification within the business. Well documented weakness in the smartphone market resulted in a contraction in Wireless revenue. In previous years this would likely have resulted in the group missing expectations but increased diversification allowed it to make up for the shortfall elsewhere. Group revenue grew 2% to £114.0m (N+1Se: £117.8m) with adjusted operating profit growing 8% to £19.0m (N+1Se: £19.2m). We make no material change ....
29 Mar 2016
Momentum building into 2016 and beyond
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Momentum building into 2016 and beyond
IQE plc (IQE:LON) | 20.9 -0.1 (-2.8%) | Mkt Cap: 200.7m
- Published:
29 Mar 2016 -
Author:
N+1 Singer Team -
Pages:
8
IQE’s final results last week highlighted the increased diversification within the business. Well documented weakness in the smartphone market resulted in a contraction in Wireless revenue. In previous years this would likely have resulted in the group missing expectations but increased diversification allowed it to make up for the shortfall elsewhere. Group revenue grew 2% to £114.0m (N+1Se: £117.8m) with adjusted operating profit growing 8% to £19.0m (N+1Se: £19.2m). We make no material change ....