Financial focus

02 May 2003

A sample of this week's financial results from companies including JDS Uniphase, GSI Lumonics, Jenoptik and more.

•  JDS Uniphase has reported a net loss of USD 137 million for its third quarter ended March 31. This compares with a net loss of USD 215 million in the previous quarter and a net loss of USD 4.3 billion for the third quarter of 2002. Net sales also rose to USD 166 million, compared to USD 157 million in the previous quarter.

•  Canadian imaging giant DALSA has seen its first quarter revenue rise 127% compared with the same quarter last year. Revenue increased CAD 18.7 million (USD 13.4 million) from CAD 14.7 million to CAD 33.4 million. The company also reported continuing improvements in its semiconductor business.

•  Jenoptik, the German provider of optics and lasers, has reported sales of EURO 1.6 billion and a net income of EURO 40.3 million for fiscal 2002. Although sales were 20.8% down from 2001, Jenoptik says that it has a record order intake in excess of EURO 2 billion for the first time. It now expects considerable sales growth in 2003.

•  GSI Lumonics of Canada has announced a 11% increase in sales to reach USD 41.1 million for the first quarter of 2003. Net loss for the period was USD 1.7 million, compared with USD 6.6 million for the last quarter of 2002. "Our cost reduction and inventory reduction strategies are showing positive results as our loss has narrowed and our sales breakeven continues to fall," said Charles Winston, the firm's chief executive officer.

•  Israeli medical laser maker Lumenis has announced a first quarter revenue of USD 80.2 million, down USD 5.9 million year-on-year. Worst hit was the company's aesthetic business unit where sales fell to USD 29.4 million, compared with USD 37.2 million in the same period last year.

•  Zygo, US, has posted a 44% increase in its third quarter net sales compared with the same period last year. Quarterly net sales of USD 29 million included a USD 17.8 million contribution from the company's semiconductor segment. In the same quarter in 2002, Zygo's semiconductor business reported sales of USD 8.6 million.

•  Newport says that it experienced a sequential rise of 3% in sales and 15% in orders for the quarter ended March 31 2003. The US supplier of assembly and test and measurement equipment recorded sales of USD 33.3 million and a loss of USD 3.9 million for the period.