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Infineon posts small Q1 net profit of euro66 million

Infineon posts small Q1 net profit of euro66 million

German semiconductor maker Infineon Technologies AG said Friday it was able to post a net profit for its fiscal first quarter as the market for technology products began to improve.
Infineon, based in Neubiberg, reported net income for the October-December first quarter of euro66 million ($92 million) compared with a loss of euro404 million in the year-ago period.
Revenue for the period increased 27 percent to euro941 million from euro742 million in the first quarter a year ago.
The company said it expects revenue to increase by 20 percent for the whole of 2010 from the euro3 billion in revenues it earned in 2009.


Updated : 2021-03-04 01:46 GMT+08:00