* Q3 operating profit of $32.2 mln
* CSR to return $285 mln to shareholders before year end
* Refocused on platforms such as bluetooth
* Shares up 2 pct
By Christine Murray and Paul Sandle
LONDON, Oct 23 British chipmaker CSR Plc
posted a 33 percent rise in quarterly operating profit, helped
by sales of its bluetooth and GPS technology in music devices
and car dashboards.
The Cambridge, eastern England-based company reported
operating profit of $32.2 million in the third quarter on
revenue up 16 percent at $282.7 million.
It recently refocused on Bluetooth and GPS platforms in
areas like music and automotive with the $310 million sale of
its mobile division to Korea's Samsung Electronics Co Ltd
, which took a 4.9 percent stake in CSR.
Chief Executive Joep van Beurden said CSR's chips were
selling strongly into music products, such as stereo headsets,
and to automakers for GPS navigation and audio entertainment.
Its low-energy bluetooth chips were also in Nike+
trainers, he said.
"If you go for a run or for a workout or to the gym, your
shoes will tell your phone ... how fast you're running, how high
you jump, how many calories you burn," he said.
Shares in CSR were 1.8 percent higher at 345 pence by 1205
GMT, second on the mid-cap leaderboard.
Analysts at brokerage Numis said the results for the three
months to Sept. 28, and the company's guidance for
fourth-quarter revenue between $235 million and $255 million,
were ahead of expectations.
They said the beat was down to higher-than-expected revenue
from legacy products which continue to contribute to revenue.
"Core revenue was in line (with expectations) and there is
operational progress in automotive and audio, which should drive
about 10 percent growth in core 2013 financial-year estimates,"
the brokerage said.
Investors will get a special $285 million payout before the
end of the year after the completion of the disposal to Samsung.
Details of the tender offer to shareholders will be announced
during the fourth quarter, the company said.