CML Microsystems Plc, a UK-based electronic systems supplier, expects its semiconductor business to move ahead after a year in which revenues stagnated and profits fell sharply with the downturn in Far East business and reduction in demand for semiconductors. Chairman GW Gurry says telecommunications formed the strongest growth area though business in the group’s mainstream area of Private Mobile Radio continued to show a material decline. In the year to March 31, net profit slumped 55.8% to 773,000 pounds ($1.2m) on revenue virtually unchanged at 20.6m pounds ($32.1m). Earnings per share fell 54.8% to 4.96 pence.
