Imagination Technologies Group PLC (IMG.L)
18 Dec 2014
|Market Cap (Mil.):||£620.22|
|Shares Outstanding (Mil.):||269.66|
LONDON - Imagination Technologies, the British company that supplies graphics processing to Apple Inc, said it expected an improved second half as costly investments which weighed on the first months of the year begin to pay off.
* H1 adjusted pretax slumps 75 pct, reflecting higher investment
LONDON, Dec 16 - Imagination Technologies, the British company that supplies graphics processing to Apple, reported a 75 percent drop in adjusted profit in the first half, reflecting heavy investment in its product line.
* Pure business is trading in line with expectations following renewed focus and organisational changes implemented at end of FY14
* Geoff Shingles to retire as chairman within next 6 to 12 months when a successor has been appointed Source text for Eikon: Further company coverage:
* Sale of Imagination Technologies Group Plc shares by Intel Capital
LONDON, June 24 - Britain's Imagination Tech , a supplier of graphics and video technology to Apple , beat expectations for full-year operating profit on Tuesday, reflecting stronger demand to license its processor blueprints.