IQE plc (GB:IQE) has released an update.
IQE plc reports a 27% increase in revenue to £66.0m and a positive adjusted EBITDA of £6.6m for the first half of 2024, marking a significant year-on-year growth. The company anticipates continued market recovery leading to moderate full-year growth for 2024 and is preparing for an IPO of its Taiwanese subsidiary to fund diversification into new markets. Despite varied recovery rates across different segments, IQE remains focused on cost control and operational efficiency to enhance profitability.
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