Semiconductor firm Magnetic Solutions saw its profits increase in 2009.
New abridged accounts for the firm reveal that its gross profit rose by 6.5 per cent to €2.3 million in 2009, compared to €2.2million in 2008.
The company booked a net profit of €393,000 for the year, compared to €80,000 the previous year. The firm now has accumulated losses of €18.2 million. It is running a deficit in shareholders’ funds of €3 million. Approximately €1.8 million of this...
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