CML Microsystems Reaffirms Full-Year Expectations

LONDON (Alliance News) - CML Microsystems PLC Wednesday reaffirmed its expectations for the full-year, continuing to expect a second-half weighting.

In a statement released ahead of it annual general meeting the semiconductor company said it had seen operating results for the quarter to July 29 in line with expectations for a "comparably weaker first six month period."

The company said its gross margins remained in its target range, its operational costs are tracking close to budget, and its net cash reserves have increased slightly.

CML Microsystems said it met key development milestones on a number of research and development projects, and market response to new product introductions have been encouraging, it said.

Shares in CML Microsystems are untraded Wednesday; they last closed at 362.00 pence.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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