CML Microsystems reports good first half
CML Microsystems Plc, which makes solutions primarily for global communication and solid state storage markets, reports stable trading in the first six months of the financial year – in line with the preceding six-month period.
The board expects to report unaudited group revenue of £13.1 million and a pre-tax profit of around £0.9m.
Net cash reserves amounted to £11.2m at September 30 following payment of a £1m dividend in August in respect of the prior financial year.
Established in 1968, CML has 221 employees across 11 offices. The Group utilises a combination of in-house expertise and outsourced manufacturing and has trading operations in Europe, the Far East and the Americas. The Essex-headquartered company has a market cap of £52.43m.