CML Microsystems ends first half in line with expectations

Semiconductor solutions designer and manufacturer CML Microsystems updated the market on the six months ended 30 September on Tuesday, reporting that as anticipated, and in line with management expectations, trading had remained stable across the first half of the financial year, in line with the preceding six-month period.

The London-listed firm said it expected to report unaudited half-year results comprising group revenue of £13.1m, and a pre-tax profit of around £0.9m.

It said net cash reserves amounted to £11.2m at period end, following payment of a £1m dividend in August for the prior financial year.

“The company will publish its unaudited half year results for the period ended 30 September on 19 November,” the board told shareholders in its statement.

As at 1052 BST, shares in CML Microsystems were down 0.73% at 304.75p.