Brief: Payton Planar Magnetics FY Operating Profit Up At 13.4 Million Dollars

Payton Planar Magnetics

27/03/2019 18:04

March 27 (Reuters) - PAYTON PLANAR MAGNETICS LTD  PAPL.BR :
    * FY PROFIT $11.4 MILLION VERSUS $5.5 MILLION YEAR AGO
    * FY REVENUE $45.6 MILLION VERSUS $33.0 MILLION YEAR AGO
    * FY OPERATING PROFIT $13.4 MILLION VERSUS $6.5 MILLION YEAR
AGO
    * TO PROPOSE DIVIDEND OF USD 0.3 PER SHARE
    * FY CASH AND CASH EQUIVALENTS AT END OF THE YEAR $7.4
MILLION
VERSUS $5.1 MILLION YEAR AGO
    * ESTIMATES THAT MARKET TREND IN YEAR 2019 WILL REFLECT A
SLOWDOWN
IN GLOBAL ECONOMY, A DECREASE IN DEMAND AND SHORTENING OF
LEAD-TIME TYPICAL DURING A SLOWDOWN IN ELECTRONICS INDUSTRY
    * THE GROUP WILL CONTINUE ITS ONGOING SEARCH FOR BUSINESS
AND M&A
OPPORTUNITIES


Further company coverage:  PAPL.BR 

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