ZMDI revenues up 50 per cent

ZMDI, a supplier of energy-efficient semiconductors, has announced that its first-quarter revenues for 2010 are up more than 50 per cent versus the same period in 2009.

The company ended its 2009 fiscal year with revenues amounting to €43.3m (£37m), compared with €56m in the previous year, and a loss totalling €4.5m.

In December 2009, the company still expected a drop in sales to about €42m and a loss totalling €5m.