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IQE Plc Swings To Profit In H1 - Quick Facts

(RTTNews) - IQE plc's (IQE.L) six-month profit attributable to equity shareholders stood at ??2.2 million versus a loss of ??1.36 million last year.

Earnings per share were 0.44 pence compared with a 0.31 pence loss in the previous year. First-half adjusted earnings per share were 0.54 pence, as against a loss of 0.23 pence a year earlier.

Revenues were up by 54% to ??33.02 million from ??21.42 million in the comparable period, mainly driven by strong demand for smartphone products during the first half of the year supported by accelerating growth in optoelectronic and advanced silicon components.