June 14, 2017 / 4:00 PM / a month ago

BRIEF-Soitec recorded a net profit of 8.4 million euros in FY 2017

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June 14 (Reuters) - SOITEC SA:

* RECORDED A NET PROFIT OF 8.4 MILLION EUROS IN FY'17, COMPARED WITH A NET LOSS OF 72.2 MILLION EUROS IN PREVIOUS FINANCIAL YEAR

* FY OPERATING INCOME TOTALED 19.5 MILLION EUROS, COMPARED WITH AN OPERATING LOSS OF 7.0 MILLION EUROS IN PREVIOUS FINANCIAL YEAR

* CONSOLIDATED FY'17 REVENUES CAME TO 245.7 MILLION EUROS, A 5% INCREASE (+4% AT CONSTANT EXCHANGE RATES), COMPARED WITH PREVIOUS FINANCIAL YEAR

* Fy'18 Sales Are Expected to Grow by Around 25%

* FY'18 ELECTRONICS EBITDA MARGIN IS EXPECTED TO REACH A MINIMUM OF 20% Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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