News: Imagination Technologies Group PLC (IMG.L)

IMG.L on London Stock Exchange

230.00GBp
17 Dec 2014
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Tue, Dec 16 2014

Imagination Tech sees 'significant' improvement ahead after profit fall

LONDON - Imagination Technologies, the British company that supplies graphics processing to Apple Inc, said it expected an improved second half as costly investments which weighed on the first months of the year begin to pay off.

UPDATE 1-Imagination Tech sees "significant" improvement ahead after profit fall

* H1 adjusted pretax slumps 75 pct, reflecting higher investment

Imagination Tech sees better H2 after interim profit fall

LONDON, Dec 16 - Imagination Technologies, the British company that supplies graphics processing to Apple, reported a 75 percent drop in adjusted profit in the first half, reflecting heavy investment in its product line.

BRIEF-Imagination Tech sees progress in-line with expectations

* Pure business is trading in line with expectations following renewed focus and organisational changes implemented at end of FY14

BRIEF-Imagination Tech chairman Geoff Shingles to retire

* Geoff Shingles to retire as chairman within next 6 to 12 months when a successor has been appointed Source text for Eikon: Further company coverage:

BRIEF-Credit Suisse Securities says Intel Capital to sell shares in Imagination Technologies

* Sale of Imagination Technologies Group Plc shares by Intel Capital

Strong licensing boosts Imagination Tech

LONDON, June 24 - Britain's Imagination Tech , a supplier of graphics and video technology to Apple , beat expectations for full-year operating profit on Tuesday, reflecting stronger demand to license its processor blueprints.

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