January 14, 2019 / 8:01 AM / 5 months ago

XP Power posts lower fourth quarter order intake on weakness in industry

(Reuters) - British power control components maker XP Power Ltd (XPP.L) on Monday reported lower order intake in the fourth quarter due to ongoing weakness in the semiconductor manufacturing equipment sector.

The company, which is headquartered in Singapore, said order intake fell 6 percent to 45.1 million pounds ($57.85 million) on a constant currency basis for the fourth quarter ended Dec 31.

Reporting by Karina Dsouza in Bengaluru; Editing by Bernard Orr

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