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CML Microsystems PLC - Essex, England-based company that develops mixed-signal, RF and microwave semiconductors for communications markets - Reports a strong full-year performance, with results ahead of initial expectations. CML posts a pretax profit of £5.2 million in the year ended March 31, multiplies from £1.7 million the year prior. Explains that pretax profit figured was boosted by the sale of the first parcel of excess land at Oval Park. Revenue in the year totals £20.6 million, up 22% from £17 million the previous year. Notes revenue growth was broad-based and reflects good progress across the company’s established product range. Revenue figure also exceeds market expectations, company says. Company recommends a final dividend of 6.0 pence per share, up from 5.0p the year prior. Looking forward, CML says it is important to not underestimate the ongoing challenges facing the group but says it is well-placed to navigate these challenges effectively. Current stock price: 464.00 pence, up 4.7% in London on Tuesday afternoon 12-month change: up 33% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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