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Electronics Production |

Soitec to double net income

French silicon-on-insulator (SOI) manufacturer Soitec reported its sales increased by 41.5 percent for the fiscal year ended March 31 to 372 million euros.

Fiscal year 2007 gross profit generated rose by more than half to 108.1 million euros and operating income was 48.5 million euros at a margin of 13 percent of sales. Combined with lower net interest expense, this resulted in more than double the net income for the year of 46.2 million euros. Despite this Soitec said on its earnings call that its results were pressured due to some AMD inventory problems.

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March 28 2024 10:16 am V22.4.20-1
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