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.
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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.
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