u-blox Posts Strong H1 2010 Earnings

u-blox Posts Strong H1 2010 Earnings
GPS and wireless semiconductor maker u-blox has announced revenue of CHF 49.3 million (US$48.7 million) for the first half of 2010 which constitutes a 44.3% increase over the previous year.

Gross profit increased strongly by 42.2% from CHF 18.4 million ($18.2m) to CHF 26.2 million ($26m). EBIT for the first half year of 2010 was CHF 7.6 million ($7.5m) and net profit of CHF 6 million ($5.9m) were higher by 293% in comparison to the same period in 2009.

For the full year 2010, u-blox has increased its revenue guidance and anticipates year-on-year revenue growth of 50% to CHF 110 million ($109m) with an EBIT margin of approximately 15% (up from the previous guidance for EBIT of CHF 6 million - $5.9m).

Thursday, September 9th 2010

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