Last checked at 6 Aug 2008 11:18
6 August 2008
CML MICROSYSTEMS Plc
AGM and Interim Management Statement
CML Microsystems Plc ("CML"), which designs, manufactures and markets a broad range of integrated circuits, primarily for global communication and data storage markets, held its Annual General Meeting today at 11am at Layer Marney Tower, Essex.
Following the formal proceedings of the AGM the following Interim Management Statement was read to shareholders by Chairman, George Gurry:
Interim Management Statement
The unaudited figures for the Group's first trading quarter serve to confirm that performance is in line with management expectations. Semiconductor shipments into wireless and storage segments continue to dominate Group revenues. This Statement relates to the period from 1 April 2008 to date and includes trading during the first quarter ended 30 June 2008.
The Group has not yet disposed of its non-operational property assets and, as noted in the annual report some weeks ago, internal planning for this year discounts any income from such disposals.
The Group's US operating subsidiary recently conducted a planned relocation to new premises, within North Carolina, that better suit our operational requirements.
There have been no other material events or transactions since 1 April 2008.
The outlook remains in line with expectations for a further improvement in performance this year.
ENDS
Enquiries:
| CML Microsystems Plc | www.cmlmicroplc.com |
| Nigel Clark, Financial Director | 01621 875 500 |
| Chris Gurry, Managing Director | |
| Parkgreen Communications Ltd | 020 7933 8780 |
| Paul McManus | 07980 541 893 |
| paul.mcmanus@parkgreenmedia.com |