Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Electronics Production | May 11, 2007

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.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Ad
Ad
Load more news
October 16 2017 2:56 PM V8.8.6-2