Brief: Memscap FY net profit down at 0.1 million euros
20/03/2017 06:31
March 20 (Reuters) - Memscap SA MEMS.PA :
* FY net profit 0.1 million euros ($107,630) versus 0.7
million euros year ago
* FY operating profit 0.0 million euros versus 0.8 million
euros year ago
* FY revenue 11.7 million euros versus 12.6 million euros
year ago
* Over 2017, the Group intends to optimize its industrial
organization in order to increase the flexibility of its
production capacities
* In 2017, the Group will accelerate its disengagement from
low-margin services activities in favor of development of its
intellectual property driven activities
* Evolution while potentially impacting Group's
profitability in the short term, should enable Group to
significantly increase its margins over the coming years
Source text for Eikon: urn:newsml:reuters.com:*:nBw2G4dfpa
Further company coverage: MEMS.PA
($1 = 0.9291 euros)
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