Pixelplus reveals first-quarter revenue

Pixelplus, a fabless semiconductor company in South Korea, has announced that, for the first quarter of fiscal 2010, its GAAP revenue was KRW4.1bn (£2.5m), compared with KRW6bn in the fourth quarter of fiscal 2009 and KRW3.5bn in the first quarter of fiscal 2009.  

Net income was KRW0.3bn, or KRW94 per diluted ADS, compared with KRW2bn, or KRW584 per diluted ADS, in the fourth quarter of fiscal 2009 and a net loss of KRW1.1bn, or KRW321 per diluted ADS, in the first quarter of fiscal 2009.