Revenues rose 54% to £33m (1H 2009: £21.4), gross profit was up 93% at £7.3m (1H 2009 3.8m), operating profit £2.7m (1H 2009 loss £1.4m) and net debt reduced to £15.6m (1H 2009 £19m).
 
Among the highlights are wireless growth driven by increasing adoption of smartphones, where IQE is designed into the top tier majority, thanks to its broad customer base and roughly 30% market share.

Optoelectronic markets accelerating with Concentrator Photovoltaic (CPV) solar up 100%, Vertical Cavity Surface Emitting Lasers (VCSEL) for finger navigation and optical USB up 70% and electronics driven by advanced BiCMOS and initial sales of IP rich advances substrates of Germanium on Insulator (GeoI) and Silicon on Sapphire (SOS).

In June, Adrian Meldrum (right) was appointed to the IQE board with specific responsibility for development of the optelectronics business

IQE's highly geared business model translates 54% revenue growth into 184% EBITDA growth and continued progress is mad in extending the IP portfolio including high speed VCSELs for next-gen optical communications, 6" CPV solar technology, 4" gallium antimonide (GaSb) substrates and freestanding Gallium Nitride (GaN) substrates. Additional patents have been granted for the Nanocolumn technology.  ( Below: ZnO-nanocolumns on saphire substrate (Source: University of Ulm).