Melexis first-quarter revenues show growth

Melexis, a Belgian manufacturer of smart mixed-signal semiconductors, has reported first-quarter revenues of €46.4m (£40.4m), showing an increase of 106 per cent compared to the same quarter of the previous year and an increase of 10 per cent compared to the previous quarter.

Gross margin was €20.4m, an increase of 162 per cent compared to the same quarter last year and an increase of 21 per cent compared to the previous quarter.

The operating result was at €9.6m, compared to a loss of €2.6m in the same quarter of 2009 and a profit of €6.8m in the previous quarter – representing an increase of 42 per cent.

Net profit was €8.1m and €0.19 cent per share – up from €0.08 loss per share in the first quarter of 2009 – and had increased by 33 per cent compared to the previous quarter.