Zarlink results improve in fiscal 2009

OTTAWA – Zarlink Semiconductor Inc., which provides semiconductor solutions for voice, enterprise, broadband and wireless communications, posts Q4 Zarlink-165X33.JPGrevenues of $51.5 million (all numbers in US$), a 6% decrease from $54.8 million in the corresponding period in 2008. The company had a net loss of $50 million, while making a profit of $19.1 million in the previous fourth quarter. Included in the Q4 loss is a $46.9 million non-cash writedown of a goodwill asset. Full-year numbers are comparatively strong, with revenue of $227.2 million, an increase of 24% over $183.6 million in 2008, and narrowed losses of $29.6 million, a 39% improvement from $48.4 million. Click here for complete financial results.

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