AGM Statement
03 Août 2005 - 2:15PM
UK Regulatory
RNS Number:6786P
CML Microsystems PLC
03 August 2005
For Release 12.15pm 3 August 2005
CML MICROSYSTEMS PLC
Chairman's AGM Statement
CML Microsystems Plc ("CML", "the group" or "the Company"), which designs,
manufactures and markets a broad range of semiconductor products, primarily for
the global communications industry, held its Annual General Meeting at today at
12 noon at Layer Marney, Essex.
Following the formal proceedings of the AGM, George Gurry, Chairman of CML, made
the following statement regarding Group trading during the first quarter of this
current trading year and prospects for the financial year 2005/2006:
"Having completed the formal items on today's agenda, and before moving on to
take any shareholder questions, I will take this opportunity to update you on
the group's performance during the opening months of this current trading year.
I am pleased to be able to report that the group's operating results for the
opening quarter are comfortably in line with internal forecasts and reflect the
continuing improvement that characterized the group's performance during the
previous financial year.
The firm outcome was achieved against the expected difficulties with the markets
for Telecom products in the Far East and elsewhere, and although there are
several challenges in the many months remaining, I feel confident that subject
to unforeseen circumstances, your Company is on course to record a further year
of improved results.
I would also like to take this opportunity to welcome representatives of Panmure
Gordon & Co to this AGM; as those of you who track announcements might know,
Panmure were appointed brokers to your Company in the closing weeks of last
month."
ENDS
For further information, please contact:
CML Microsystems Plc
Nigel Clark, Finance Director 01621 875 500
Chris Gurry, Business Development Director 01621 875 500
Binns & Co PR Ltd
Peter Binns 020 7786 9600 / 07768 392 582
Paul McManus 07980 541 893
This information is provided by RNS
The company news service from the London Stock Exchange
END
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