AGM Statement

RNS Number : 7554A

CML Microsystems PLC

06 August 2008

 

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
	[e-mail]

 

END

 

 

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