ASML doubles results from previous quarter

Dutch semiconductor equipment maker ASML http://www.asml.com has more than doubled results from the previous quarter, posting a fourth quarter net profit of 109 million euros. During the year, the group moved from a net loss of 160 million euros to a net profit of 235 million euros, boosted by demand for more advanced chip-making products. As the Financial Times (FT) http://www.ft.com reports, the company has, however, disappointed analysts with its order backlog, which was much lower than expected. The Dutch chipmaker's revenue for 2004 rose 59.8 per cent to 2.465 million euros. The company posted fourth quarter revenue of 785 million euros, up by around 29 per cent from the previous year's final quarter.
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