Product category:
Analogue and Mixed Signal ICs
News Release from: Wolfson Microelectronics
Edited by the Electronicstalk Editorial
Team on 02 February 2006
Wolfson sees profits jump 156%
Wolfson Microelectronics has published its audited financial results for 2005.
Wolfson Microelectronics has published its audited financial results for 2005 Revenues increased by 40% to $166.6 million (2004: $119.3 million)
This article was originally published on Electronicstalk on 13 Apr 2001 at 8.00am (UK)
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Pretax profits increased by 156% to $38.7 million (2004: $15.1 million).
Gross margin improved for the second year running to 50.2% (2004: 49.3%).
Fully diluted earnings per share increased to 24.95 cents (2004: 9.17 cents).
Operating net cash inflow increased to $42.5 million (2004: $8.7 million).
Net cash balance at 31st December 2005 was $65.2 million (31st December 2004: $23.8 million).
Commenting on the results, David Milne, Chief Executive of Wolfson, said: "Our strategy of developing advanced components for the rapidly expanding digital consumer electronics market has provided strong growth for us during 2005".
"We are delighted that many of the world's leading consumer electronic brands turned to Wolfson for high quality, audio and imaging chips to differentiate and enhance the user experience of their products".
"With the continuing expansion of digital consumer market, the board is confident of delivering further growth in 2006".
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