CML Microsystems PLC Interim Management Statement (5930K)
31 Juillet 2013 - 12:42PM
UK Regulatory
TIDMCML
RNS Number : 5930K
CML Microsystems PLC
31 July 2013
CML Microsystems Plc
Interim Management Statement
CML Microsystems Plc ("the Company"), which designs,
manufactures and markets a broad range of semiconductors, primarily
for global communication and data storage markets, today held its
Annual General Meeting at Layer Marney Tower, Essex.
Subsequent to the formal proceedings of the AGM and as required
by the UK Listing Authority's Disclosure and Transparency Rules,
the following Interim Management Statement was read to
shareholders:
Interim Management Statement
This statement relates to the period from 1 April 2013 to 30
July 2013 and embraces the unaudited results for the Group's
opening trading quarter for the financial year ending 31 March
2014.
Trading update
Group operating results for the opening quarter are in line with
internal expectations and the Board repeats the guidance provided
at the time of the Final Results announcement in June 2013 for
further firm progress in profitability during the current financial
year.
The Group's industrial SATA flash memory controller is gaining
increasing acceptance across target storage markets whilst a number
of wireless customers are now at various stages of product
development or market introduction using the Group's baseband and
RF chip-set solutions.
Gross margins and operational costs have remained stable through
the period leading to an improved cash position and the repayment
of all bank loans.
The Company was notified that, following a public inquiry, its
planning appeal relating to a residential development on excess
land at its Oval Park headquarters has been rejected. A review of
the potential next steps will take place over the coming
months.
There have been no other material events or transactions since 1
April 2013.
Enquiries:
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Managing Director Tel: 01621 875 500
Nigel Clark, Financial Director
Cenkos Securities plc
Jeremy Warner Allen (Sales) Tel: 020 7397 8900
Max Hartley (Corporate Finance)
Walbrook PR Ltd Tel: 020 7933 8780 or cml@walbrookpr.com
Paul McManus Mob: 07980 541 893
This information is provided by RNS
The company news service from the London Stock Exchange
END
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