CSR Swings to 4Q Pretax Profit
March 05 2015 - 3:12AM
Dow Jones News
LONDON-- Connectivity chip designer CSR PLC (CSR.LN) swung to a
fourth quarter profit as growth in voice- and music-related
activities helped boost margins.
The company, which last year agreed to be taken over by U.S.
technology group Qualcomm Inc. (QCOM), Thursday reported a pretax
profit of $5.2 million for the quarter ended December 26 against a
$96.7 million loss the previous year, on revenue down to $188.1
million from $208.2 million.
"CSR is, we believe, well positioned to benefit from the
opportunities to seamlessly connect people, devices and
information, as well as the opportunities driven by the Internet of
Things," said Chief Executive Joep van Beurden.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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