XP Power, one of the world's leading developers and manufacturers of critical power control sub-assemblies for the electronics industry, announces that its Interim results for the six months ended 30 June 2016 will be published on Monday 25 July 2016 and not Friday 22 July 2016 as previously announced.
The remaining dates for the 2016 financial calendar are unchanged from those reported on 6 January 2016.
The dividend calendar also remains unchanged and is as follows:
|Period||Record Date||Payment Date|
|First quarter dividend for 2016||17 June 2016||8 July 2016|
|Second quarter dividend for 2016||16 September 2016||13 October 2016|
|Third quarter dividend for 2016||16 December 2016||12 January 2017|
|Citigate Dewe Rogerson|
|Kevin Smith/Jos Bieneman||+44 (0)20 7638 9571|
Note to editors
XP designs and manufactures power controllers, the essential sub-assembly in every piece of electrical equipment that converts the power from the electricity grid into the right form for the equipment to function.
XP typically designs in power control solutions into the end products of major blue chip OEMs, with a focus on the industrial (circa 45% of sales), healthcare (circa 30% sales) and technology (circa 25% of sales) sectors. Once designed into a program, XP has a revenue annuity over the life cycle of the customer's product which is typically 5 to 7 years depending on the industry sector.
XP has invested in research and development and its own manufacturing facilities in China, North America and Vietnam, to develop a range of up to date products based on its own intellectual property that provide its customers with significantly improved functionality and efficiency.
Headquartered in Singapore and listed on the Main Market of the London Stock Exchange since 2000, XP serves a global blue chip customer base from 29 locations in Asia, Europe and North America.