Interim Management Statement

RNS Number : 2265H

CML Microsystems PLC

16 February 2010

 



CML Microsystems PLC Interim Management Statement - Correction

CML Microsystems PLC advises that the following announcement replaces the "Interim Management Statement" released at 07.00 today under RNS Number 1691H.  The previous announcement incorrectly stated that the Company's trading results was for the period from 1 October 2009 to 15 February 2009.  The Company's trading results was in fact for the period from 1 October 2009 to 15 February 2010.

There are no other changes to the announcement.  The full amended text is set out below.

 

 

CML Microsystems Plc

Interim Management Statement

CML Microsystems Plc ("the Company"), which designs, manufactures and markets a broad range of semiconductors, primarily for global communication and data storage markets, today issues the following Interim Management Statement. This statement, as required by the UK Listing Authority's Disclosure and Transparency Rules, refers to the Company's trading results for the period from 1 October 2009 to 15 February 2010.

Firmer Trading

During the period an improved rate of sales was evident against those reported for the first-half.  Revenues from the wireless and storage product sectors posted particular gains, with increased order book visibility emerging from certain customers.

As indicated in the Chairman's interim statement, the Board has been taking advice with regard to the listed status of the Company. The board's objective is to drive shareholder value over the medium term and, following consultation, it intends to do this within the framework of a public listing which provides for liquidity in the shares with an appropriate degree of flexibility for a company of its size. The Company will provide a further update prior to the year-end.

There have been no other material events or transactions since 1 October 2009.

Outlook

The Company has experienced better trading conditions recently and the Board expects full year results to March 31 to show an overall improvement against those reported for the first-half.

Enquiries:

CML Microsystems Plc

Chris Gurry, Managing Director                                              Tel: [phone]

Nigel Clark, Financial Director                                                           

 

END

 

 

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