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Chip top performance for Blue Wafer.

COMPUTER chip recycling company Pure Wafer expects to report strong trading ahead of current market expectations when it releases its preliminary results for the year to the end of June on October 1. The Swansea company has continued to experience high levels of demand for its wafer recycling services at each of its Swansea and Arizona plants, which have both achieved record levels of trading during the period.

As a result of this sustained demand and continuing attention to the control of costs, the company will report an increase in Ebitda for the period.

The directors have reviewed the remaining useful lives of all fixed assets and will report a $2.3m reduction in depreciation and amortisation when compared to the annual charge for 2012.

Following completion of the successful placing and open offer which raised approximately PS4.5m, the company now has increased funds available to invest in and maintain its property, plant and equipment.
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Title Annotation:Business
Publication:Western Mail (Cardiff, Wales)
Date:Sep 25, 2013
Words:156
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