Home Business Memscap: quarterly net income supported by a capital gain

Memscap: quarterly net income supported by a capital gain

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Memscap: quarterly net income supported by a capital gain

(AOF) – Memscap generated a net profit of 1.7 million euros in the fourth quarter against a net profit at breakeven under a year earlier. This year it includes the capital gain realized following the sale of assets dedicated to the foundry activity (Customized products) and held by the group’s American subsidiary (Fablite program).

The operating profit from continuing activities of the specialist in high precision and high stability pressure sensor solutions for the avionics and medical markets, amounted to 0.2 million euros against an operating profit of 0 .1 million euros in the fourth quarter of 2021.

Turnover from continuing operations increased in one year from 2.3 to 2.7 million euros.

Benefiting from its investments in R&D, the intensification of its commercial activity and the dynamism of its high value-added markets, Memscap expects growth in its activities over the coming financial year.

The technology group recalls that it is now primarily positioned in the avionics and medical sectors and that it will simultaneously increase its profitability significantly in the optical communications market thanks to its new fabless organization.

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