CML Microcircuits Regulatory News (CML)

7 Jun 2006 14:17

CML Microsystems PLC07 June 2006 CML Microsystems Plc ("CML") CML announces that its profit before revaluation of investment properties (whichunder IAS 40 have to go through the Income Statement) and tax for the yearended 31 March 2006 will be around £2.8 million on turnover of approximately £26.3 million. Whilst turnover is in line with market expectations, the bettercontribution to profit is due to a combination of improvement in gross marginand cost control in the last quarter of the year. The revaluation of investmentproperties will increase the profits by a further £0.7m taking the profit beforetax to £3.5m. Whilst the improved results for the year ended 31 March 2006 is an encouragingoutcome currently CML is seeing a slowdown in order intake from a significantcustomer and a revision of their short and medium term forecasts. Though confident about the long-term commitment to CML by this customer, if thisslowdown persists as is currently forecast, then it is likely that the resultsfor the year ending 31 March 2007 will be below current market expectations. CMLwill provide an update on this at the time of its Annual General Meeting inAugust. CML will announce its results for the year ended 31 March 2006 on Tuesday 13 June 2006. G W GurryChairman7 June 2006Contact for informationN G Clark or C A Gurry This information is provided by RNS The company news service from the London Stock Exchange