Newport releases quarterly financial results

Newport, a supplier of advanced technology products, has reported financial results for its fourth quarter ended 1 January 2011, noting $132.9m (£82.2m) in net sales, which was a 30.8 per cent increase over the fourth quarter of 2009.

It also revealed $130.4m in new orders — a 20.4 per cent increase over fourth-quarter 2009 — and net income of $15.2m, or $0.4 per diluted share.