Gemplus Announces Q3 Results

Company faces net loss, but revenue increases on year


The Latest for Manufacturers (not lead), Manufacturers

Smart card solutions provider Gemplus reported third quarter results today.

The company has seen group revenue up 13 percent year-on-year and up 20.5 percent in year-to-date. Operating income before restructuring and goodwill further improved to 10.5 million euros, but the company posted at net loss of 8.5 million euros, which a company news release say, reflects ' the final step of restructuring.' Free cash flow is at 9.5 million euros.