20 Jul 2015
Steady progress in H1
IQE has released a trading update for the six months to June 2015. Group revenue grew 2% in the first half, in-line with our expectations. Adjusted operating profit of £6.7m and EPS of 0.9p are also broadly in-line with our forecasts (N+1Se: £7.0m and 0.94p respectively). Net debt was slightly better at £31.1m vs our £32.2m forecast. The expected stabilisation in the wireless market has occurred with strong growth expected in the second half and the photonics business has continued to perform we ....
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Steady progress in H1
IQE plc (IQE:LON) | 30.0 0 0.0% | Mkt Cap: 288.7m
- Published:
20 Jul 2015 -
Author:
Oliver Knott -
Pages:
3
IQE has released a trading update for the six months to June 2015. Group revenue grew 2% in the first half, in-line with our expectations. Adjusted operating profit of £6.7m and EPS of 0.9p are also broadly in-line with our forecasts (N+1Se: £7.0m and 0.94p respectively). Net debt was slightly better at £31.1m vs our £32.2m forecast. The expected stabilisation in the wireless market has occurred with strong growth expected in the second half and the photonics business has continued to perform we ....