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CML Microsystems PLC on Tuesday posted higher profit, revenue and dividend as it expects revenue to further improve.
The Essex, England-based semiconductor developer reported pretax profit in the six months to September 30 rose 80% to £1.8 million from £1.0 million a year prior. Revenue climbed 20% to £10.0 million from £8.3 million.
The company declared an interim dividend of 5.0 pence per share, up 25% from 4.0p.
Looking ahead, CML expects revenue to improve in the second half but noted inflationary pressures. ‘Despite the challenging times, I feel your company is well placed to make significant progress forward over the remainder of the year,’ Executive Chair Nigel Clark said, addressing shareholders.
CML Microsystems shares were 12% higher at 458.00 pence each in London on Tuesday morning.
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