IQE lays second profit warning fears to rest

IQE, the supplier of advanced wafer products and services to the semiconductor industry, said 2011 revenues should show a small increase on the year before, despite a slow-down in orders in the second half.

IQE, the supplier of advanced wafer products and services to the semiconductor industry, said 2011 revenues should show a small increase on the year before, despite a slow-down in orders in the second half.

Full year revenues for 2011 are expected to exceed £75m, up from £73 million the previous year. Earnings before interest,tax, depreciation and amortisaton (EBITDA) are also expected to increase, to at least £13.7m.

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