Melexis announces full-year financial results for 2010

Belgian-based semiconductor manufacturer Melexis has announced its financial results for the fiscal year 2010, in which sales figures totalled €219.4m (£186.3m), an increase of 70 per cent compared to the previous year.

Gross margin was €102.3m, an increase of 112 per cent compared to 2009; the operating result was €56.3m, up from €7m last year; and net income was €48.6m, compared to a net loss of €4m in 2009.