Pure Wafer, a provider of wafer reclaim services to semi-conductor manufacturers, shaved almost $3m off its losses last year.
The company's pre-tax loss narrowed to $5.1m in the year to 30 June from a loss of $8.0m the year before, on turnover that climbed to $29.7m from $24.8m.
The events in Japan following the tsunami in February resulted in additional business for Pure Wafer in the company's fourth quarter, as its customers looked to ensure that their reclaim wafer supply was maintained as Pure Wafer's Japanese competitors suffered disruptions.
Subscribe to 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
Trading in the new financial year has got off to a strong start, with a continuation of high volumes enjoyed during the fourth quarter of the previous year.
"It is particularly pleasing that high and stable volumes are being seen from our customers in all geographical regions, this together with the 300mm manufacturing facilities currently under construction by the semiconductor industry and in some cases nearing completion, gives an optimistic long term outlook," the company said.
The shares were unchanged following the release of the figures.
--
jh
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
