CML Microsystems Sees A Return To 1H, FY Profitability

19th Jul 2010 07:23

LONDON (Dow Jones)--CML Microsystems PLC (CML.LN), which designs, manufactures and markets a broad range of semiconductors, said Monday group's operating results for the quarter ended July 1 are materially ahead of internal expectations and added that it is confident of continued progress through the rest of the year and expects a return to first half and full year profitability. MAIN FACTS: -Comparable period revenues are ahead in all target market segments and geographic regions although European business lags advances made in the Americas and Far Eastern territories. -Group makes progress in reducing its net debt levels. -Shares on Friday closed at 85.5 pence, valuing the company at GBP12.8 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 19, 2010 02:23 ET (06:23 GMT)