Pure Wafer, which provides silicon wafer reclaim services, said it was on track to meet full year expectations after sustained growth in the semiconductor market.
However, shares fell as the firm also said trading in its solar division remained challenging after UK politicians again changed the level of the government-backed feed-in-tariff.
"We have therefore re-focussed our marketing and have continued to build our order book with commercial, industrial and local authority customers and have maintained a satisfactory level of trading," the firm said in its trading update.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In the first half of its year the company said increased demand and volume sales had come mainly from the growing US and Asian markets.
It said the European sector was stable with demand continuing at the higher levels it enjoyed during the second half of the last financial year.
Pure said it was well placed to take advantage of this increasing activity.
"We are therefore confident that our interim results will be in line with market expectations for the year ending 30 June 2013," the company statement said.
Shares were down 3.3% to 3.62p at 1100.
MM
-
Scammers steal over £600 million from Brits - how to protect yourselfFraud cases in the first half of the year surged by 17% compared to the same period in 2024. Is your money at risk?
-
Financial support for carers: what can you get?Unpaid carers miss out on an average £6,400 a year in annual salary by cutting work to support loved ones. We explore benefits that can plug the financial gap.
