Micronas posts 600 per cent profit
The Zurich-based semiconductor manufacturer, Micronas, has increased profits by almost 600 per cent in the first half of the year. Turnover was twice as high as in the same period in 1999.
Net profits rose from SFr5.5 million to SFr32.6 million, the company said on Tuesday.
It attributed the growth to increased consumer and automotive demand, which continued in the second quarter of this year. Key markets – in Europe, Asia and the United States – also showed growth.
Micronas said it expected good annual results with total turnover forecast at SFr455 and a net profit of SFr55 million.
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