Aug 28 French smart card maker Gemalto
reported higher first-half sales and said it expects
double-digit expansion in profit from operations and revenue at
constant exchange rates for the full year.
Gemalto, a maker of smart chips for mobile phones and bank
payment cards, reported sales rose 13 percent at constant
exchange rates to 1.13 billion euros, with strong sales in all
The company said first-half profit from operations rose 14
percent to 131 million euros.
Sales at Gemalto's mobile unit, which is its most profitable
business and accounts for close to half its sales, grew 8
percent on constant exchange rates, due to strong demand.
The secure transactions unit, which accounts for more than a
quarter of Gemalto's revenue, posted the highest growth with an
18 percent increase, on constant exchange rates.
(Reporting By Adithya Venkatesan in Bangalore; Editing by