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Fiscal year results at Ixys 13-06-06

Ixys reported for the fourth fiscal quarter 2006 net revenues of $64.4 million, as compared with net revenues of $69.0 million for the same period in the prior fiscal year. Net income was $30.3 million, as compared to $5.8 million, for the same quarter in the prior fiscal year. Excluding the impact of a litigation provision credit adjustment of $8.7 million related to the litigation involving LoJack Corporation and other non-recurring adjustments to related deferred tax assets made in the quarter ended March 31, 2006, net income for the quarter ended March 31, 2006 would have been $5.4 million. For the fiscal year ended March the company reported net revenues of $251.5 million, as compared with net revenues of $256.6 million for 2005. Gross profit was $81.7 million, as compared to gross profit of $79.9 million for 2005. Net loss for the fiscal year was $6.1 million, as compared to net income of $16.2 million for the prior fiscal year. Excluding the impact of the litigation provision charge of $42.8 million and other non-recurring adjustments to deferred tax assets made in the quarter ended March 31, 2006, net income for the year ended March 31, 2006 would have been $20.5 million.

 
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