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Chip machinery maker ASMI profit falls 40% in Q4

Wednesday 07 March 2012

Chip industry supplier ASM International saw net profit fall 40% in the final quarter of 2011 to €15m.

The company blamed poor market conditions at its assembly and packaging arm, plus a downturn in orders for chip making machinery.

Turnover will also be down in the first quarter of this year but will recover later, the company said in a statement.

ASMI is also starting a share buy-back programme (up to two million common shares) to cover outstanding personnel options and will propose increasing the dividend from €0.40 to €0.50.

© DutchNews.nl



 

Readers' Comments

''The company blamed poor market conditions at its assembly and packaging arm, plus a downturn in orders for chip making machinery.''
When you strangle the growth, as Rutte-Wilders do, domestic consumption as well as confidence on future, fall dramatically. As a consecuence, investments on equipment fall too. At the same time, if your disastrous foreing policy leads to 100 millons Eastern European consumers boycotting our products, as an answer to a Dutch Nazi web-site, you have the perfect storm.

By zenplus | 7 March 2012 4:54 PM

 
 
 
 
 
 
 
 
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