LONDON, Dec 16 (Reuters) - 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.
The company said its now complete product line would helpdeliver a much stronger second-half financial performance.
Imagination, which designs chips for graphics and video,reported adjusted profit of 3.3 million pounds ($5.2 million) for the six months to end-October, down from 13.2 million poundsa year earlier, on revenue of 82.2 million pounds, down from85.2 million.
($1 = 0.6384 pounds) (Reporting by Paul Sandle; editing by Kate Holton)