LONDON (Alliance News) - Semiconductor technology company Toumaz Ltd on Thursday said it is trading in line with its expectations and anticipates it will post a 30% rise in revenue in the first half of 2015, driven by its digital audio business.
Both segments of its digital audio division have performed well in the half, the company said, with the connected audio business seeing volume growth of around 60% in the year to date and its digital radio unit buoyed by growth in Norway and Germany.
In its healthcare arm, the group's SensiumVitals vital signs monitoring system has continued to grow in the half and Toumaz expects further hospital trials to start soon.
Toumaz shares were up 5.2% to 3.55 pence in early trade.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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